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In medieval times the practice of Lending money for interest called?
Wiki User
∙ 13y ago
usury
Lending money for interest is a very old process. But now the way of doing this has changed.
On internet you can find sites like www.yes-secure.com which allow you to lend your money to others via their site. These sites check for the credit and history of the borrowers and thier ability to repay the loans which you will lend to them.
The practice of lending should be done with proper care as may loss your money.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoLending with interest was called usury. Today usury implies excessively high interest.
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What were medieval waitresses called?
wench
What is a medieval pharmacist called?
apothecary
A share of land in medieval Europe?
a share of land in medieval Europe is called a fief.
What is a medieval drinking horn holder called?
It is called a frog. Really :-)
What word means 'relating to the middle ages'?
Middle ages things and times are called Medieval.
What is the practice of lending money with iniquitous rates?
The practice of lending money, with interest rates "above the lawful rate", is called usury.
What is the fee for lending money called?
The fee for lending money can refer to each of these: 1. Points. This is a term often used in mortgage lending. 2. Interest. This is most used for the cost of an unpaid loan.
What is Priority sector lending?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending .
What is priority sector lending in banks?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending
When banks borrow money from each other?
Banks usually borrow money from one another when they are running short of cash. They charge a smaller interest (when compared to what interest gets charged to a normal loan customer) when they lend money to other banks. This lending interest rate is called Inter-Bank Lending Rate. Banks even go to the central bank of their country to borrow money if they need it.
What types of risk does the granting of credit entail?
The risk of lending on character is called "moral risk." The risk of lending on capacity is called "business risk." The risk of lending on capital is called "property risk."
What is the difference between finance and banking?
A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.
What is the difference between banking and financing?
A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.
What is a medieval oboe called?
A medieval oboe would be called the shawm
What risks are associated with granting credit?
The risk of lending on character is called "moral risk," the risk of lending on capacity is called "business risk," and the risk of lending on capital is called "property risk." An ideal borrower will combine a minimum of each of these three risks
What is charged in an interest rate?
Interest Rate is the cost of borrowing money. When a bank or other lending institution lends money to you, they charge what is called an interest rate. This interest rate is typically set by governing bank of the country - for example, in Canada it is the Bank of Canada, in the USA it is the Federal Reserve. This is called the Prime Rate and is the rate of interest banks charge their best customers. You and I usually get .5% or 1.5% more than that. Credit Cards charge a lot of interest - typically 20% to 22% per annum.
What is noble called in medieval ages?
medieval ages
