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Mohatra

Related Terms:

agent characterize made sale law price first cash their difference borrower pair usury loan credit interest immediate avoidance lender purchase amount repurchase

Adjective

Definition: 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.

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