ceiling

(redirected from Usury Ceiling)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.

ceiling

Vox populi A maximum, upper limit. See Glass ceiling, Nondisclosure ceiling.
References in periodicals archive ?
"Most are just going to leave things as they are and work under the old usury ceiling until the Eighth Circuit issues its ruling," Scholl said.
Deregulation did not end with lowered usury ceilings and the "lex loci" rule established by the Marquette Court.
Still, usury ceilings seem unlikely to have propagated a low level of competition in banking.
Critics say the technical distinction is designed to avoid state and federal credit laws such as the Truth in Lending Act that might subject the transactions to usury ceilings and disclosures to consumers about such key items as the annual percentage rate of interest (APR).
Also, many states at various times have imposed restrictions on banks' prices and fees--e.g., usury ceilings on interest rates on certain kinds of loans, limits on credit card fees, etc.
Suppose lenders increase their use of nonprice rationing because exogenous factors - e.g., usury ceilings or credible threats of more stringent regulation - effectively prevent them from rationing by price.