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Mohatra contract
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Mohatra contract : ウィキペディア英語版
Mohatra contract
A Mohatra contract is way of loaning money with interest without breaking the letter of the usury laws. The lender sells the borrower a trivial object to be paid for on the loan due date. The borrower then sells the same object back immediately for cash at the price minus the interest. 〔http://books.google.com/books?id=D1uh8IRcNs0C&pg=PA48&lpg=PA48&dq=Mohatra+Contracts&source=bl&ots=MFOAXuD_5i&sig=xJb181lDMLpktc97YeImPqwRFqM&hl=en&sa=X&oi=book_result&resnum=1&ct=result〕
==Example==
I sell my book to you for 120 dirhams with the money to be paid in a year's time. I buy it back for one hundred immediately. I keep my book: you have in effect borrowed a hundred dirhams from me for a year at 20 per cent interest.〔False Economy: A surprising economic history of the world, Alan Beattie, page 130〕

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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