What is the landing of money at interest rates higher than the legal limits called?

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2026-04-15 18:20

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The landing of money at interest rates higher than the legal limits is called "usury." Usury is often considered an illegal practice, as it exploits borrowers by charging excessively high rates that exceed the maximum allowable rates set by law. This practice can lead to severe financial consequences for borrowers and is regulated in many jurisdictions to protect consumers.

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