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Simple English definitions for legal terms
usurious
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A quick definition of usurious:
Term: usurious
Definition: Usurious means charging too much money when someone borrows it. It's like when a friend asks to borrow $10 and you say they have to pay you back $20. That's not fair and it's against the law to charge too much interest on a loan.
A more thorough explanation:
Definition: Usurious is an adjective that means charging an illegally high interest rate on a loan.
Example: The loan shark's usurious interest rates left many borrowers in debt for years.
Explanation: This example illustrates the definition of usurious because the loan shark charged an interest rate that was higher than what is legally allowed, causing the borrowers to struggle with debt for a long time.