Usury

unethical practice of originating a loan with an unreasonably high interest rate

Usury is lending money for interest. Nowadays it usually means lending at a high, often extortionate rate of interest on a loan.

Fake taxis in Sofia: Prices can be ten times as high.
The usurers is a 15th century painting by Quentin Metsys

Usury is illegal in many parts of the world. In muslim countries charging any interest at all is strictly illegal.

Some people argue that this is against the Old Testament, especially Exodus[1] and Deuteronomy[2] which states that those who lend to someone in need will be blessed, but the point about usury is the high levels of interest, not the act of lending in itself.

Aristotle also condemned usury as "contrary to nature" in his book on Politics, because it increases by itself and makes money without labour.[3]

  1. Exodus Chapter 22,25
  2. Deuteronomy Chapter 23,19
  3. Aristotle, "Politics": Book I, (1258-b)