Charging interest in excess of the legal limit is known as _____.

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Usury refers to the practice of charging borrowers interest rates that are higher than the legal limit. This is typically viewed as exploitative and is prohibited by law in many jurisdictions. Restraint of trade refers to practices that restrict competition in a market, while predatory lending involves the issuance of loans with excessively high fees or interest rates. Debt bondage refers to a situation where someone is forced to work off a debt they owe, often under conditions of slavery or serfdom. Perjury refers to the act of lying under oath in court or during a legal proceeding.

Charging Interest in Excess of the Legal Limit Is Known