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- Contractum_trinius abstract "A contractum trinius refers to Christian finance. It was a set of contracts devised by European bankers and merchants in the Middle Ages as a method of circumventing canon law edicts prohibiting usury. At the time, most Christian nations heavily incorporated scripture into their laws, and as such it was illegal for any person to charge interest on a loan of money.To get around this, a set of three separate contracts were presented to someone seeking a loan: an investment, a sale of profit and an insurance contract. Each of these contracts were permissible under Church law, but together replicated the effect of an interest-bearing loan.The way this procedure worked was as follows: The lender would invest a sum equal to the amount of financing required by the borrower for one year. The lender would then purchase insurance for the investment from the borrower, and finally sell to the borrower the right to any profit made over a pre-arranged percentage of the investment. This system replicated the effects of a loan with any interest rate agreed between the two, yet provided protection to the lender against default, while the borrower remained under the protection of the law when it came to collection of the money by threats or force (loan sharking).The Church proved utterly unable to legislate against the contractum trinius, and the idea quickly spread to merchants and bankers across Christendom. It was accepted by writers such as Gabriel Biel; it helped in part to improve public perception of the practice of usury by moneylenders, and ultimately the doctrine was rewritten by the School of Salamanca, and the ban on interest-bearing loans overturned in many Protestant countries, starting with England by Henry VIII.Some Muslims are of the view that the present practice of Islamic banking relies on devices similar to the contractum trinius as a means of working around a ban of riba (usury) in religious scripture.".
- Contractum_trinius wikiPageExternalLink item100_f.htm.
- Contractum_trinius wikiPageID "3056001".
- Contractum_trinius wikiPageLength "2446".
- Contractum_trinius wikiPageOutDegree "26".
- Contractum_trinius wikiPageRevisionID "645299077".
- Contractum_trinius wikiPageWikiLink Canon_law_(Catholic_Church).
- Contractum_trinius wikiPageWikiLink Canon_law_(Roman_Catholic_Church).
- Contractum_trinius wikiPageWikiLink Category:Banking_terms.
- Contractum_trinius wikiPageWikiLink Category:Credit.
- Contractum_trinius wikiPageWikiLink Category:Interest.
- Contractum_trinius wikiPageWikiLink Catholicism.
- Contractum_trinius wikiPageWikiLink Christendom.
- Contractum_trinius wikiPageWikiLink Christian_finance.
- Contractum_trinius wikiPageWikiLink Default_(finance).
- Contractum_trinius wikiPageWikiLink Discretionary_deposit.
- Contractum_trinius wikiPageWikiLink England.
- Contractum_trinius wikiPageWikiLink Europe.
- Contractum_trinius wikiPageWikiLink Gabriel_Biel.
- Contractum_trinius wikiPageWikiLink Henry_VIII_of_England.
- Contractum_trinius wikiPageWikiLink Insurance.
- Contractum_trinius wikiPageWikiLink Interest.
- Contractum_trinius wikiPageWikiLink Investment.
- Contractum_trinius wikiPageWikiLink Islamic_banking.
- Contractum_trinius wikiPageWikiLink Islamic_banking_and_finance.
- Contractum_trinius wikiPageWikiLink Islamic_finance.
- Contractum_trinius wikiPageWikiLink Loan_shark.
- Contractum_trinius wikiPageWikiLink Middle_Ages.
- Contractum_trinius wikiPageWikiLink Protestant.
- Contractum_trinius wikiPageWikiLink Protestantism.
- Contractum_trinius wikiPageWikiLink Riba.
- Contractum_trinius wikiPageWikiLink Sale_of_profit.
- Contractum_trinius wikiPageWikiLink School_of_Salamanca.
- Contractum_trinius wikiPageWikiLink Usury.
- Contractum_trinius wikiPageWikiLinkText "Contractum trinius".
- Contractum_trinius wikiPageWikiLinkText "contractum trinius".
- Contractum_trinius hasPhotoCollection Contractum_trinius.
- Contractum_trinius wikiPageUsesTemplate Template:Refimprove.
- Contractum_trinius subject Category:Banking_terms.
- Contractum_trinius subject Category:Credit.
- Contractum_trinius subject Category:Interest.
- Contractum_trinius type Concept.
- Contractum_trinius type Term.
- Contractum_trinius comment "A contractum trinius refers to Christian finance. It was a set of contracts devised by European bankers and merchants in the Middle Ages as a method of circumventing canon law edicts prohibiting usury.".
- Contractum_trinius label "Contractum trinius".
- Contractum_trinius sameAs Contractum_trinius.
- Contractum_trinius sameAs m.08nl08.
- Contractum_trinius sameAs Q3689000.
- Contractum_trinius sameAs Q3689000.
- Contractum_trinius wasDerivedFrom Contractum_trinius?oldid=645299077.
- Contractum_trinius isPrimaryTopicOf Contractum_trinius.