Thematic Bible: Credit system
Thematic Bible
Credit system » Debts » Suretyship, (indorsement), the dangers of
My son, if you have become security for your neighbor, if you have given your pledge for a stranger or another, You are snared with the words of your lips, you are caught by the speech of your mouth.
The righteousness of the blameless will smooth their way and keep it straight,
But the wicked will fall by his own wickedness.
A man lacking common sense gives a pledge
And becomes guarantor [for the debt of another] in the presence of his neighbor.
[The judge tells the creditor], “Take the clothes of one who is surety for a stranger;
And hold him in pledge [when he guarantees a loan] for foreigners.”
Do not be among those who give pledges [involving themselves in others’ finances],
Or among those who become guarantors for others’ debts.
[The judge tells the creditor,] “Take the garment of one who is surety (guarantees a loan) for a stranger;
And hold him in pledge when he is surety for an immoral woman [for it is unlikely the debt will be repaid].”
Credit system » Debts » Usury, forbidden
“If you lend money to any one of My people with you who is poor, you shall not act as a creditor (professional moneylender) to him; you shall not charge him interest.
Verse Concepts
I thought it over and then challenged the nobles and the rulers. I said to them, “You are exacting usury (excessive interest) from your own brother (relative).” So I held a great assembly to confront them.
Verse Concepts
He who increases his wealth by interest and usury (excessive interest)
Gathers it for him who is gracious to the poor.
Do not charge him usurious interest, but fear your God [with profound reverence], so your countryman may [continue to] live among you.
Verse Concepts
He does not put out his money at interest [to a fellow Israelite],
And does not take a bribe against the innocent.
He who does these things will never be shaken.
if he does not charge interest or take a percentage of increase [on what he lends in compassion], if he keeps his hand from sin and executes true justice between man and man,
Verse Concepts
Credit system » Borrowing
The rich rules over the poor,
And the borrower is servant to the lender.
The wicked borrows and does not pay back,
But the righteous is gracious and kind and gives.
“And if a man borrows an animal from his neighbor, and it gets injured or dies while its owner is not with it, the borrower shall make full restitution.
Verse Concepts
Then he said, “Go, borrow containers from all your neighbors, empty containers—and not just a few.
Verse Concepts
But it happened that as one was cutting down a beam, the axe head fell into the water; and he cried out and said, “Oh no, my master! It was borrowed!”
Verse Concepts
Credit system » Lending encouraged
but you shall freely open your hand to him, and shall generously lend to him whatever he needs.
Verse Concepts
All day long he is gracious and lends,
And his descendants are a blessing.
It is well with the man who is gracious and lends;
He conducts his affairs with justice.
Credit system » Debts » Pledges » Laws concerning
“For you have taken pledges of your brothers without cause,
And stripped men naked.
If you ever take your [poor] neighbor’s robe in pledge, you must return it to him before sunset,
Verse Concepts
“No one shall take a handmill or an upper millstone [used to grind grain into bread] as security [for a debt], for he would be taking a [person’s] life in pledge.
Verse Concepts
“They drive away the donkeys of the orphans;
They take the widow’s ox for a pledge.
“They stretch out beside every [pagan] altar on clothes taken in pledge [to secure a loan, disregarding God’s command],
And in the house of their God [in contempt of Him] they frivolously drink the wine [which has been] taken from those who have been fined.
Credit system » Creditors, general references to
“No one shall take a handmill or an upper millstone [used to grind grain into bread] as security [for a debt], for he would be taking a [person’s] life in pledge.
Verse Concepts
“They drive away the donkeys of the orphans;
They take the widow’s ox for a pledge.
Now one of the wives of a man of the sons of the prophets cried out to Elisha [for help], saying “Your servant my husband is dead, and you know that your servant [reverently] feared the Lord; but the creditor is coming to take my two sons to be his slaves [in payment for a loan].”
Verse Concepts
Credit system » Debts » Insolvency acknowledged
When he began the accounting, one was brought to him who owed him 10,000 talents [probably about $10,000,000], And because he could not pay, his master ordered him to be sold, with his wife and his children and everything that he possessed, and payment to be made.
Credit system » Debts » Secured by mortgages
There were others who were saying, “We are mortgaging our fields, our vineyards, and our houses to buy grain because of the famine.”
Verse Concepts
Credit system » Debts » Fraudulent settlement of
So he summoned his master's debtors one by one, and he said to the first, How much do you owe my master? He said, A hundred measures [about 900 gallons] of oil. And he said to him, Take back your written acknowledgement of obligation, and sit down quickly and write fifty [about 450 gallons].
Credit system » Debts » Not to be repudiated
Then she came and told the man of God. He said, “Go, sell the oil and pay your debt, and you and your sons can live on the rest.”
Verse Concepts