The definition of usury in the Bible refers to the practice of charging interest or excessive interest on loans, particularly when lending money to the poor or needy. In the Bible, usury is condemned as a sin, and there are several passages that highlight the prohibition against charging interest.
One of the primary features of the definition of usury in the Bible is the emphasis on compassion and fairness in lending. Leviticus 25:35-37 states, “If any of your fellow Israelites become poor and are unable to support themselves among you, help them as you would a foreigner and stranger, so they can continue to live among
Welcome to a thought-provoking exploration of one of the most intriguing and timeless subjects within the realms of religion and finance: Usury in the Bible. In this enlightening post, we delve into the profound meaning behind this ancient concept and uncover its unique features, along with the incredible benefits and significant value it brings to our lives.
Definition of Usury in the Bible
Exodus 22:25
“If you lend money to any of my people with you who is poor, you shall not be like a moneylender to him, and you shall not exact interest from him.”
Here, in Exodus 22:25, we find a clear prohibition against usury in the Bible. Usury refers to the practice of charging exorbitant interest rates on loans, especially when lending to the poor. This verse emphasizes the importance of showing compassion and generosity towards those who are less fortunate, rather than exploiting them for financial gain.
Leviticus 25:36-37
“Take no interest from him or profit, but fear your God, that your brother may live beside you. You shall not lend him your money at interest, nor give him your food for profit.”
In Leviticus 25:36-37, the concept of usury is further reinforced. The emphasis is on helping one another without expecting any material gain in return. It highlights the idea of community and mutual support, where individuals should prioritize the well-being of others over monetary gain.
Psalm 15:5
“Who does not put out his money at interest and does not take a bribe against the innocent. He who does these things shall never be moved.”
Psalm 15:5 praises those who do not engage in usury or corruption. It speaks to the importance of maintaining integrity and righteousness in financial dealings, emphasizing the moral imperative of fair and just treatment of others in all aspects of life.
Ezekiel 18:8-9
“He does not lend at interest or take any profit. Withholds his hand from injustice, executes true justice between man and man, walks in my statutes, and keeps my rules by acting faithfully – he is righteous; he shall surely live, declares the Lord God.”
In Ezekiel 18:8-9, righteousness is equated with refraining from usury and upholding justice in all interactions. The passage underscores the significance of ethical conduct and adherence to divine principles, highlighting the detrimental effects of exploiting others for personal gain.
Overall, the Bible provides clear guidelines against usury, emphasizing the principles of compassion, fairness, and integrity in financial transactions. It serves as a reminder to prioritize human welfare and ethical behavior over monetary profit, demonstrating the importance of upholding moral values in all aspects of life.
The Intricacies of Usury: Unraveling its Definition
Usury, a term often shrouded in mystery, can be traced back to biblical times. It is a concept that holds immense significance both historically and ethically, reflecting the relationship between lenders and borrowers. In essence, usury refers to the charging of excessive interest on loans, exploiting the financial vulnerability of another individual.
The Bible outlines a clear standpoint on usury, indicating that it is inherently immoral, unjust, and detrimental to society as a whole. As we dig deeper into the scriptures, we discover the insightful reasoning behind this viewpoint, shedding light on the consequences that usury can inflict on individuals and communities.
The word usury has arrived in modern English to mean unreasonable interest upon money loaned, either formally illegal or at least oppressive. In the Scriptures, however, the word did not have this purpose but indicated simply interest of any kind upon money. The Jews were prohibited by the law of Moses to take interest from their brethren but were allowed to take it from foreigners. The prohibition grew out of the agricultural status of the people, in which ordinary business loans were not needed and loans, as were required, should be made only as to friends and brothers in need. Usury is also defined as the practice of mortgaging land, sometimes at exorbitant interest, grew up among the Jews during the captivity, in direct violation of the law. (Leviticus 25:36-37; Ezekiel 18:8-17)
In the Old Testament, the Israelites were forbidden from charging “usury,” or interest, on loans to fellow Jews (Deuteronomy 23:19), but they were permitted to charge interest on loans to foreigners (Deuteronomy 23:20). A mention of this usury law in Leviticus 25:35-38 makes it apparent that it applied to loans made to fellow Israelites who were in poverty. Having to pay back the loan with “usury,” or interest, would only put them further into debt and was not beneficial to the economy. Loans to foreigners, however, were considered international business and approved. This law served as a reminder to the Jews that helping those in need is something that should be done without requiring anything in return.
Most of the loans we know of in modern terms come from banks, and the Bible doesn’t speak much about this. Although the Bible does not explicitly forbid the charging of interest, it does warn against becoming too concerned with money, teaching us that we cannot serve both God and money at the same time (Matthew 6:24). We are cautioned that wanting to be rich leads to despair and that the love of money is the root of all kinds of evil (1 Timothy 6:9-10).
Furthermore, God’s teaching includes a caution not to profit off the desperation of the poor. “Sharks” who extort the impoverished in the time of their distress will not relish their plunder for long: “He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor” (Proverbs 28:8, KJV).
The Unique Features of Usury
What sets usury apart from other financial practices is its ability to manipulate economic power dynamics and perpetuate cycles of poverty. By charging exorbitant interest rates, lenders can trap borrowers in a never-ending cycle of debt, siphoning their hard-earned income and exacerbating their financial struggles. Recognizing these unique features of usury enables us to understand the urgency behind the biblical prohibition against it.
The Value and Benefits of Abiding by Biblical Teachings on Usury
Embracing the biblical definition of usury offers immense value and countless benefits to individuals, families, and society at large. Let us explore some of these invaluable advantages below:
- Economic Justice: By adhering to the biblical teachings on usury, we actively contribute to a more just and equitable economic system. This fosters an environment where individuals, regardless of their financial background, have an opportunity to prosper and fulfill their potential.
- Preservation of Relationships: Usury can strain relationships, creating a sense of mistrust and animosity between lenders and borrowers. By abstaining from exploiting others for personal gain, we uphold the sanctity of human connections, fostering a society built on empathy and compassion.
- Stability and Thriving Communities: By eradicating the practice of usury, we cultivate stable communities that thrive economically. This empowers individuals to invest in their future, support local businesses, and spur sustainable growth.
As we reflect on the profound value and benefits bestowed by embracing the biblical teachings on usury, it becomes clear that promoting financial responsibility and fair lending practices is not only morally right but also vital for the well-being of society as a whole.
In conclusion, the definition of usury in the Bible serves as a guiding light, illuminating the path towards economic justice, harmonious relationships, and vibrant communities. By heeding this ancient wisdom, we can reshape our thinking and behaviors, ushering in a society where the wellbeing and prosperity of all are cherished above personal gain.
What does Jesus say about usury?
Jesus’ words on usury are clear and unequivocal: usury is wrong and must be avoided. Usury is the act of lending money with interest and is forbidden by several books of the Bible, including Deuteronomy, Leviticus, and Proverbs. The Bible even addresses usury more than it does lying!
Jesus was very clear in His teachings about usury, often saying that it is a sin and should be avoided at all costs. In the parable of the unjust steward, Jesus warned against the dangers of usury, saying “Make yourselves friends of the mammon of unrighteousness, so that when you fail, they may receive you into an everlasting home.” He also said, “The borrower is servant to the lender.” Through these and other statements, Jesus makes it clear that He wants us to avoid usury and to help others in need instead.
Usury is still an issue today, and many people struggle to repay loans with high interest rates. One way to address the problem of usury is to encourage responsible lending and borrowing. Those who charge usury should understand that they are going against the teachings of Jesus, and must find ways to help those who borrow from them while still protecting their own interests.
In conclusion, Jesus’ words on usury are clear and unambiguous: usury is wrong and must be avoided. Jesus did not condemn those who borrowed in need, however, but rather warned against excessive interest rates and urged us to help one another in times of need. Responsible lending and borrowing can go a long way in addressing today’s usury issues, and God is always available to those who seek Him.
Usury Bible Verses
There are a number of Bible verses that mention the sin of usury, or lending money with interest. In the Old Testament, usury was prohibited by the Mosaic Law, and violators were to be punished severely. In the New Testament, Jesus and the apostles condemn the practice of usury, and warn against lending money with interest to others. The most well-known verse about usury is found in Exodus 22:25, which reads, “If you lend money to any of my people who are in need, do not charge them interest.” This verse makes it clear that God does not approve of charging interest on loans to those who are in need. Other verses that mention usury include Leviticus 25:36-37, which says, “Do not take interest or any profit from them, but fear your God, so that they may continue to live among you. 37 You must not lend them money at interest or sell them food at a profit.” Here, God again prohibits the practice of usury, and also tells His people not to take advantage of those in need by charging them more for food and other necessities. Jesus also spoke against usury in several passages, including Matthew 25:27, where He said, “You should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.” In this verse, Jesus is teaching His disciples that it is better to invest their money wisely, rather than lending it out with interest. The apostle Paul also warned against usury in his epistles. In Romans 13:8, he wrote, “Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.” Here, Paul is teaching that Christians should not lend money with interest, but should instead focus on loving others. In conclusion, the Bible is clear that God does not approve of the practice of usury. He warns His people not to take advantage of those in need by lending money with interest, and tells them to instead invest their money wisely.
This page displays Bible verses about usury from the King James Version (KJV). We suggest ordering your books by the title. Exodus 22:26 If you lend money to anyone of my people who is poor by thee, do not lend it to him as an usurer. According to Matthew 23:19-20, “You shall not lend to your brother usury.” There is no other word to describe Leviticus 25:37, but it is significant. If my brother is poor, or if he has fallen into a state of decay with me, I will relieve him. Luke was 6:35 in this recording.
Be gracious to your enemies, do good, and lend your assistance, hoping for nothing better. ” In the form of usury and unjust gain, he increases his substance, and thus he would pity those who suffer as a result of it.” Proverbs 28: 8 Exodus 25:36 – Do not take usury out of him or increase his influence, but rather fear him.
The Bible On Lending
It is explicitly forbidden in the Bible to charge interest on loans. Borrowers are safeguarded from exploitation while encouraging people to lend to those who require it.
Poor Lends
There is no one definitive answer to this question. It depends on the particular situation and on the people involved. Generally speaking, poor lending refers to a situation where someone lends money to another person or organization without proper due diligence, or without taking into account the risks involved. This can often lead to problems for the lender, such as not getting repaid, or losing money if the borrower defaults.