The act of lending money at an unreasonably high interest rate,thus making repayment excessively difficult or impossible for the borrowers,is the definition of:

Question

Quizplus · Accepted Answer

The act described in the question is predatory lending, where lenders take advantage of borrowers by offering loans with high interest rates and unreasonable terms, making it difficult or impossible for them to repay the loan. Usury law refers to the legal limits on the amount of interest that can be charged on a loan. Rollover refers to a practice where a borrower extends the loan term by paying only the interest due and then taking out a new loan. Interest rate spread refers to the difference between the interest rate paid by borrowers and the interest rate earned by lenders.

The Act of Lending Money at an Unreasonably High Interest