200:
87:
This financial transaction, for which no direct equivalent exists in modern finance, essentially was a contract in which the rights to use a piece of land or other property were sold in exchange for fixed payments over a specified period of time. To avoid the appearance of usury, the creditor in this
88:
transaction was regarded as the buyer who purchased a fixed income from the debtor, who then merely was considered to be the seller of a predetermined stipend." Luther viewed this practice to be usurious since at the expiration of the
237:
256:
37:
230:
29:
24:
261:
64:
was an exchange of a fixed amount of money for annual income it was considered a sale rather than a loan.
223:
80:
and criticized clerics of the
Catholic Church for violating the spirit if not the letter of usury laws.
115:
Reforming the
Morality of Usury: A Study of the Differences That Separated the Protestant Reformers
41:
129:
207:
180:
167:
49:
250:
65:
33:
155:
From
Irenaeus to Grotius: A Sourcebook in Christian Political Thought, 100-1625
199:
131:
Theology and
Economic Ethics: Martin Luther and Arthur Rich in Dialogue
92:
the creditor had increased in net-worth without ever engaging in labor.
45:
57:
28:, "purchase interest") was a financial instrument, similar to an
211:
85:
231:
8:
181:"Martin Luther's Sermon On Trade and Usury"
238:
224:
117:. University Press of America. p. 53.
108:
106:
102:
23:
7:
196:
194:
210:. You can help Knowledge (XXG) by
206:This finance-related article is a
56:as a way to avoid prohibitions on
14:
32:, that rose to prominence in the
198:
38:decline of the Byzantine Empire
83:In one historian's analysis:
1:
16:Medieval financial instrument
278:
193:
257:Medieval economic history
78:Sermon on Trade and Usury
25:[ˈt͡sɪns.kaʊ̯f]
94:
113:Jones, David (2003).
153:O'Donovan, Oliver.
40:led to a growth of
219:
218:
168:Treatise on Usury
74:Treatise on Usury
72:a subject of his
269:
240:
233:
226:
202:
195:
185:
184:
177:
171:
170:full text online
165:
159:
158:
150:
144:
143:
141:
139:
125:
119:
118:
110:
27:
277:
276:
272:
271:
270:
268:
267:
266:
247:
246:
245:
244:
191:
189:
188:
179:
178:
174:
166:
162:
152:
151:
147:
137:
135:
128:Doherty, Sean.
127:
126:
122:
112:
111:
104:
99:
50:Catholic Church
17:
12:
11:
5:
275:
273:
265:
264:
259:
249:
248:
243:
242:
235:
228:
220:
217:
216:
203:
187:
186:
172:
160:
157:. p. 584.
145:
120:
101:
100:
98:
95:
15:
13:
10:
9:
6:
4:
3:
2:
274:
263:
262:Finance stubs
260:
258:
255:
254:
252:
241:
236:
234:
229:
227:
222:
221:
215:
213:
209:
204:
201:
197:
192:
182:
176:
173:
169:
164:
161:
156:
149:
146:
133:
132:
124:
121:
116:
109:
107:
103:
96:
93:
91:
84:
81:
79:
75:
71:
67:
66:Martin Luther
63:
59:
55:
51:
47:
43:
39:
35:
31:
26:
21:
212:expanding it
205:
190:
175:
163:
154:
148:
136:. Retrieved
134:. p. 55
130:
123:
114:
89:
86:
82:
77:
73:
69:
61:
53:
19:
18:
34:Middle Ages
251:Categories
138:2 December
97:References
52:tolerated
48:, so the
90:zinskauf
76:and his
70:zinskauf
62:zinskauf
60:. Since
54:zinskauf
20:Zinskauf
42:capital
30:annuity
46:Europe
36:. The
68:made
58:usury
208:stub
140:2014
44:in
253::
105:^
239:e
232:t
225:v
214:.
183:.
142:.
22:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
