Mohatra
Definition & Meaning
Part of speech adjective
Quick meaning: Mohatra is an adjective meaning (historical, law) Of or characterized by an avoidance of laws against usury by a pair of sales between a lender and a borrower (or their agents), where the first purchase is made on credit and an immediate repurchase is made in cash, the difference in prices amounting to the interest of the loan.
Meaning
(historical, law) Of or characterized by an avoidance of laws against usury by a pair of sales between a lender and a borrower (or their agents), where the first purchase is made on credit and an immediate repurchase is made in cash, the difference in prices amounting to the interest of the loan.
Related Words
Related dictionary entries include moratory, person-to-person, mortgage-backed, usufructuous, on-loaned, nonrecourse.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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