Terms Used In Louisiana Revised Statutes 9:3311

• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Usury: Charging an illegally high interest rate on a loan. ^{Source: OCC}