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ceiling
(redirected from Usury Ceilings)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
ceiling
Vox populi A maximum, upper limit. See Glass ceiling, Nondisclosure ceiling.


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In all, 47 percent of countries have disclosure requirements rather than usury ceilings, while 30 percent of countries use both.
14) In the 1980s, the rent-to-own industry convinced more than 45 state legislatures to adopt its preferred safe-harbor legislation--treating week-to-week contracts as renewable leases, not as purchases over time--thus exempting the business from state small-loan usury ceilings, retail installment sales acts, and other credit sale laws.
Low usury ceilings in a number of states meant that small-value consumer loans could not be made profitably.
 
 
 
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