Taking Interest: Difference between revisions

Taking Interest (view source)

700 bytes removed , 3 February 2020

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 # A loan document with interest can be used to collect the capital and not the interest.<ref>Shulchan Aruch 161:11</ref>
 # If the document included the capital and the interest and didn't specify what part of the obligation was capital and what was interest he can't use that document to collect anything.<ref>Shulchan Aruch 161:11</ref>
-==Borrowing Items==
-# It is forbidden to lend an item to get back the same type of item. This is called Seah B'seah. For example, lending out a 5 pound bag of flour to get back another bag of flour is forbidden.<ref>Bava Metsia 75a</ref>
-# This type of rabbinic ribbit is permitted if the borrower has some of the same type of the item he is borrowing. For example, if someone has one egg and wants to borrow five more eggs they can do so since they already have one.<ref>Bava Metsia 75a</ref>
-# Some poskim hold that it is permitted to lend an item that is small or cheap and people wouldn't care about the fluctuation in the price such as lending a loaf of bread.<ref>Yalkut Yosef CM 159:18</ref>
 ==Discounts==