Simple English definitions for legal terms
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Term: USURA MANIFESTA
Definition: Usura manifesta refers to open or obvious usury. Usury is the practice of lending money at an excessively high interest rate. When it is obvious that someone is charging an unfairly high interest rate, it is called usura manifesta.
USURA MANIFESTA
Usura manifesta refers to open or obvious usury.
Usury is the practice of lending money at an exorbitant interest rate. Usura manifesta occurs when the lender openly and blatantly charges an interest rate that is much higher than what is legally allowed. This is considered illegal and unethical.
These examples illustrate how usura manifesta occurs when a lender charges an interest rate that is clearly and significantly higher than what is legally allowed or considered fair. It is important for borrowers to be aware of their rights and to report any instances of usury to the appropriate authorities.