This is not to say that usance
cannot be rationalized in the modern sense, but it did not begin life that way.
Main collateral: term claim and stocks of goods - Additional collateral: Debtors fixed assets Investment Credits - Maximum term the same as the contract - Credit characteristics : Credit limit declining with payment of installments - Debtors financing - Main collateral : capital goods - Additional collateral : fixed assets and term claim Mining Import - Types of L/C : Sight L/C and Facility Usance
L/C - Credit characteristics: transaction - Debtors self financing cheaper than General import facility.
29) The story of Jacob and Laban works both as an assertion of Shylock's Jewish identity, and as a justification for his attitude toward the taking of interest; this second point of difference from Antonio has already been stressed in Shylock's complaint that he "lends out money gratis and brings down / The rate of usance
here with us in Venice" (41-42).
I hate him for he is a Christian; But more than that in low simplicity He lends out money gratis and brings down The rate of usance
here with us in Venice.
Shakespeare, in The Merchant of Venice, unwittingly anticipated the rhetoric of rent-seeking when he explained Shylock's antipathy toward Antonio: "I hate him for he is a Christian; But more for that in low simplicity, he lends out money gratis and brings down the rate of usance
here with us in Venice" (act 1, scene 3).
Import of E/V/M (Non-Pegged Currency) with Usance
Vendors, 100 Percent Payment After Receipt &Acceptance Of Matl Within 90 Days & For Foreign Vendors, Payment Thro" L/C With Usance
Period 90 Days.
Yet in his aside "How like a fawning publican he looks" (38-49), Shylock seethed with hatred, and in "But more for that in low simplicity / He lends out money and brings down / The rate of usance
here with us in Venice" (40-42) Heald stressed "But" to indicate the monetary basis for much of Shylock's hatred of the man who undercuts the only business that a Jew could legally pursue in Renaissance Italy.