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usury

Definition of abbreviation (noun) -

the demanding for the use of money as a loan, a rate of interest beyond what is allowed by law

Part of speech:

Noun
Plural: usuries
Example sentences with this word:

An interest rate 30 points above the prime rate would be considered usury in the United States.

Loan sharks frequently practice usury, but their debtors usually have little choice but to keep quiet and pay up.

Appears in following categories:
GMAT,
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