loans


loans
Money or goods given on condition of future repayment. In the simpler and more closely knit tribal society of Israel there was no system of loans, as in the modern world, whereby a person could launch a new business or buy a farm. Loans were for the relief of need and those who supplied credit were supposed to be acting out of generosity with few legally acceptable economic advantages. Interest could be charged from non-Israelites (Deut. 23:20) and the existence of impoverished debtors (Jer. 15:10) argues for wider extension of such charges. The parable [[➝ parables]] of the talents implies that in the time of Jesus the payment of interest on sums lent was widespread (Matt. 25:27). Debts were supposed to be cancelled every seventh (Sabbatical) year (Deut. 15:1–11) and there were numerous safeguards to protect those who were obliged to borrow. Bailiffs could not enter a house to seize a pledge (Deut. 24:10–11) or take the clothing of a widow (Deut. 24:17), and a pledged garment of a poor person was supposed to be returned for the night (Exod. 22:25–6); but evidently it was not always so (Amos 2:8).

Dictionary of the Bible.

Look at other dictionaries:

  • Loans —    LOANS, a village, in the late quoad sacra parish of Troon, parish of Dundonald, district of Kyle, county of Ayr, 7½ miles (S. W. by W.) from Kilmarnock; containing 205 inhabitants. This village is situated on the turnpike road from Ayr to… …   A Topographical dictionary of Scotland

  • Loans — WEITERLEITUNG Jacob Ben Jechiel Loans …   Deutsch Wikipedia

  • loans — Yorkshire Dialect Lanes …   English dialects glossary

  • loans — ləʊn n. amount of money that has been borrowed; something borrowed; act of giving temporarily v. lend a sum of money for a period of time; give temporarily, lend …   English contemporary dictionary

  • loans — 1) sloan 2) salon …   Anagrams dictionary

  • LOANS — …   Useful english dictionary

  • Loans Management — sind zwei Core Banking System Module der SAP Industry Solution Banking, die auf verschiedenen SAP Servern laufen, jedoch in weiten Bereichen die gleichen Darlehens Kernprozesse unterstützen. Der Hauptunterschied ist, dass CML Realtime ins… …   Deutsch Wikipedia

  • Loans make deposits — Когда банк предоставляет кредит своему клиенту, он открывает ему счёт до востребования в пассиве своего баланса на сумму выданной ссуды. При этом активы банка увеличиваются на данную сумму долгового требования к клиенту и одновременно… …   Словарь бизнес-терминов

  • Loans Affair — The Loans Affair, also called the Khemlani Affair, is the name given to the political scandal involving the Whitlam Government of Australia in 1975, in which it was accused of attempting to illegally borrow money from Middle Eastern countries by… …   Wikipedia

  • Loans and interest in Judaism — The combination of loans and interest, in Judaism, is a complicated and detailed subject. The biblical Hebrew terms for interest are neshekh (Heb.: נשך), literally meaning a bite , in reference to its painfulness to the debtor, and marbit /… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.