usura velata (yoo-s[y]oor-[schwa] [or yoo-z[y]oor-[schwa]] v[schwa]-lay-t[schwa]). [Latin] Veiled or concealed usury. • A creditor was guilty of usura velata when the creditor added usurious interest to the principal sum as if it were part of the original loan. Cf. UBI ABERAT ANIMUS FOENERANDI.
ubi aberat animus foenerandi (yoo-bI [schwa]-ber-at an-[schwa]-m[schwa]s fee-n[schwa]-ran-dI). [Latin] Hist. Where the intention of taking of a usurious interest was wanting. • A lender was not liable for usurious provisions in a contract unless the lender had the requisite intention of exacting the money. Cf. USURA VELATA.
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