Interest

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Community · Tomás de Mercado

Summary

In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.

32 words

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economic phenomenon analyzed by the author
Mercado provided nuanced theological arguments regarding the legitimacy of interest in commercial contracts, distinguishing between various types of financial transactions.
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scholastic debate on the morality of lending
The School of Salamanca re-evaluated the prohibition of usury, distinguishing between legitimate compensation for risk and exploitative lending practices.
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Facts