The term "usury" typically applies to which aspect of law?

The term "usury" primarily pertains to financial law, which governs transactions involving the lending of money and the associated charges or interest rates. Usury refers specifically to the practice of charging interest at a rate that exceeds the legal limit established by regulation or statute. Financial law encompasses a range of rules and regulations that ensure fair lending practices, protect consumers, and maintain the integrity of financial institutions. The focus of usury laws is on safeguarding borrowers from predatory lending and excessive interest rates, which can lead to exploitation and financial hardship.

In this context, while contract law does involve agreements related to borrowing and lending, usury laws specifically address the interest rates associated with those contracts and their legality. This makes financial law the most relevant category for the application of usury, as it directly influences how financial transactions, particularly those involving loans, are regulated.