n. Originally, any premium paid, or stipulated to be paid, for the use of money; interest. [Obsolete or archaic.]n. An excessive or inordinate premium paid, or stipulated to be paid, for the use of money borrowed; any such premium in excess of the rate established or permitted by law, which varies locally.n. The practice of lending money at interest, or of taking interest for money lent; specifically, and now almost exclusively, the practice of taking exorbitant or excessive interest; the taking of extortionate interest from the needy or extravagant.