Bible Dictionaries

Fausset's Bible Dictionary

Loan

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(See USURY.) The merciful character of Moses' law appears in the command not to keep the poor man's outer garment, his covering by night as well as day, after sunset (Exodus 22:26-27; Deuteronomy 24:6; Deuteronomy 24:10-13; Deuteronomy 24:17; compare, however, Proverbs 22:27). The millstone, including all instruments necessary to life, and a widow's garment, were forbidden to be taken. The creditor must not enter the debtor's house to seize the pledge, but wait for the debtor to bring out an adequate security for payment.

The debtor could be held as a bondman only until the seventh year, i.e. for six years, and not beyond the Jubilee year, whatever his period of service might be (Exodus 21:2). Then he must be sent away with a liberal supply of provisions, the prospect of such a gift doubtless stimulating zeal in service (Deuteronomy 15:12-18; Leviticus 25:39-55); his land was to be restored. But foreign slaves might be held in continual servitude (2 Kings 4:1; Isaiah 50:1; Isaiah 52:3). The Roman or else the oriental law detaining the debtor in prison until he paid the uttermost farthing, and even giving him over to torturers, is alluded to in Matthew 5:26; Matthew 18:34.

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Bibliography Information
Fausset, Andrew R. Entry for 'Loan'. Fausset's Bible Dictionary. https://www.studylight.org/dictionaries/eng/fbd/l/loan.html. 1949.

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