NOMISMA

interest

利子 — Institutions

The amount added on when borrowed money is paid back.

Assignat of 5 livres (national lands) Assignat of 5 livres (national lands)1789–96 20 Kuruş Kaime (circa 1852) 20 Kuruş Kaime (circa 1852)Circa 1852
A photograph of what this word names.

⚠ In medieval Europe, the act of charging interest was long forbidden. To circumvent this prohibition, various methods were devised in the form of currency exchange or fees, which in turn fostered the development of financial techniques.