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454. Permissible Discounts
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65:21 It is permitted to increase the rent on real estate in the following manner: If someone rents another a piece of property, he tells the tenant before he takes possession, “If you pay me the rent now, it will cost you $10,000 a year but if you pay in monthly installments, it’s $1,000 a […]
453. The Party Responsible for the Merchandise
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65:19 One may lend his friend 100 dollars in order to purchase merchandise at the market and accept 120 dollars in repayment when they return home so long as the lender receives the merchandise, takes it to his home, and is responsible for it during the journey. If this is the case, he is essentially […]
452. Differing Prices
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65:17 If grain has a fixed market price, one may offer it for sale at advance payment at that price even if the seller does not yet have any such grain in stock. This is permitted because even if the price of the grain goes up, the buyer does not profit from having paid in […]
451. Selling a Promissory Note
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65:15 Because one may sell promissory notes (as described in 65:14), one may make an arrangement as follows: If Reuven needs money in January, Shimon may give him a promissory note saying that he will give him $1,000 in July. Reuven reciprocates by giving Shimon a similar promissory note obligating him to pay Shimon $1,000 […]
450. Deferred Payments
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65:13 If an object has a known market price, it is forbidden to sell this thing for more than that price in exchange for deferring payment. If an item does not have a known market price, one may charge a little more in exchange for deferred payment. This is permitted, even though he would accept […]
449. Real Estate as Collateral
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65:11 One may not lend a person a set measure of grain because the price may go up and when he is repaid with the same volume, it will be worth more than what he lent. If they set a price regardless of the market value of the grain, then the borrower may only repay […]
448. Interest of Words
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65:9 If the borrower was not in the habit of greeting the lender first, he must not start greeting him first now. He may likewise not give the lender any honors in the synagogue or honor him in any way beyond what was normal before the loan. Similarly, any type of interest through speech is […]
447. Favors for the Lender
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65:7 If one person lends money to a friend for a certain amount of time so that the friend will reciprocate and will later lend him a larger amount for the same length of time or the same amount for a longer period, this is also interest. If the intention is that the friend will […]
446. Advanced Interest and Delayed Interest
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65:5 Even if the borrower tells the lender that he is giving him the surplus money as a gift, it is forbidden for the lender to accept it. Let’s say that the lender accepted it and wants to repent. He must return the surplus to the borrower. If the borrower refuses to accept it, the […]
445. Extending the Loan in Exchange for a Favor
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65:3 Let’s say that the parties did not arrange for interest at the time of the transaction but rather one lent the other money for free until a certain time, or that one party sold the other some goods with payment deferred until a certain time, or that one party owes money to another no […]