extortionate credit

extortionate credit

Black's law dictionary. . 1990.

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  • extortionate credit bargain — An arrangement by which credit is provided on terms that include exorbitant payments and/or grossly contravene the ordinary principles of fair trading. Related links administration Practical Law Dictionary. Glossary of UK, US and international… …   Law dictionary

  • extortionate credit — See extortion loansharking …   Black's law dictionary

  • Crédit Mobilier of America scandal — The Crédit Mobilier scandal of 1872 involved the Union Pacific Railroad and the Crédit Mobilier of America construction company in the building of the First Transcontinental Railroad. The distribution of Crédit Mobilier shares of stock by… …   Wikipedia

  • Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the …   Wikipedia

  • Consumer Credit Protection Act — The Consumer Credit Protection Act, Pub.L. 90 321, 82 Stat. 146, enacted June 29, 1968, composed of several titles relating to consumer credit, mainly title I, the Truth in Lending Act, title II related to extortionate credit… …   Wikipedia

  • Trading while insolvent (UK) — In many legal systems, once a company becomes insolvent, the directors have to take particular care. Under UK law, trading while insolvent can trigger several provisions under the Insolvency Act 1986 which may have the effect of making directors… …   Wikipedia

  • Trading while insolvent — is unlawful in a number of legal systems, and may result in the directors becoming personally liable for a company s assets. Under UK insolvency law trading once a company is legally insolvent can trigger several provisions of the Insolvency Act… …   Wikipedia

  • Debt on our Doorstep — is a UK based campaign against extortionate credit lending and for fair financial services. The campaign, founded in 1999, comprises not for profit and non governmental organisations including Oxfam and the National Housing Federation. It scored… …   Wikipedia

  • loansharking — Practice of lending money at excessive and usurious interest rates, with the threat or employment of extortionate means to enforce repayment of the loan. Such activities are termed extortionate credit transactions under Federal Criminal Code. 18… …   Black's law dictionary

  • loansharking — Practice of lending money at excessive and usurious interest rates, with the threat or employment of extortionate means to enforce repayment of the loan. Such activities are termed extortionate credit transactions under Federal Criminal Code. 18… …   Black's law dictionary

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