mohatra

English

Etymology

From French, Spanish, or Latin mohatra, all from Arabic مُخَاطَرَة (muḵāṭara)

Adjective

mohatra (not comparable)

  1. (historical, law) Of or characterized by an avoidance of laws against usury by a pair of sales between a lender and a borrower (or their agents), where the first purchase is made on credit and an immediate repurchase is made in cash, the difference in prices amounting to the interest of the loan.

Translations

This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.