NOMISMA SCHOLA
Read the textbooks TextbooksRoutesColumnFilms & narration
Go deeper by course Courses
Verify with the coins CoinsGlossarySourcesPractice
Think with the patterns Patterns
About the school Start hereFacultyContactThe discipline
Admissions Sign in

Language

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 the real thing this term 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.