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Usury Law
Legislation that sets maximum interest rates that can be charged on loans, to protect consumers from excessive charges.
Interest Rate
The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount annually.
Equilibrium Rate
The price or level at which supply and demand in a particular market are equal.
Usury Law
Legislation designed to regulate interest rates by setting a maximum rate that can be charged on loans and credit.
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