debt

debt

Money or property of some kind owed to another person. Israelite law forbade charging fellow Israelites interest on loans (Exod 22:24; Deut 23:20; Lev 25:35-38). The prohibition against charging interest, however, was not observed (Prov 28:8; Ezek 18:8; Ezek 18:13; Ezek 18:17; Ezek 22:12; Neh 5:1-13; Matt 25:27; Luke 19:23). (Neh 5:1-13) speaks of the people as burdened with debts. Movable goods might be taken as a pledge to repay, though the law forbade taking a person’s means of livelihood (Deut 24:6-13). Such goods may have represented persons who stood to guarantee a pledge, often the debtor’s children, who would become enslaved to the creditor if the debt was not paid (2Kgs 4:1-7; Neh 5:2-7; Exod 22:24; Isa 50:1). Others could intervene as surety on behalf of an insolvent debtor and assume the responsibility for getting the debtor to pay or be liable to seizure themselves (Prov 6:3-5; Prov 20:16).

Exod 22:24

24my wrath will burn, and I will kill you with the sword, and your wives shall become widows and your children orphans.

Deut 23:20

20On loans to a foreigner you may charge interest, but on loans to another Israelite you may not charge interest, so that the Lord your God may bless you in all ... View more

Lev 25:35-38

35If any of your kin fall into difficulty and become dependent on you, you shall support them; they shall live with you as though resident aliens.36Do not take ... View more

Prov 28:8

8One who augments wealth by exorbitant interest
gathers it for another who is kind to the poor.

Ezek 18:8

8does not take advance or accrued interest, withholds his hand from iniquity, executes true justice between contending parties,

Ezek 18:13

13takes advance or accrued interest; shall he then live? He shall not. He has done all these abominable things; he shall surely die; his blood shall be upon him ... View more

Ezek 18:17

17withholds his hand from iniquity, takes no advance or accrued interest, observes my ordinances, and follows my statutes; he shall not die for his father's ini ... View more

Ezek 22:12

12In you, they take bribes to shed blood; you take both advance interest and accrued interest, and make gain of your neighbors by extortion; and you have forgot ... View more

Neh 5:1-13

Nehemiah Deals with Oppression
1Now there was a great outcry of the people and of their wives against their Jewish kin.2For there were those who said, “With our ... View more

Matt 25:27

27Then you ought to have invested my money with the bankers, and on my return I would have received what was my own with interest.

Luke 19:23

23Why then did you not put my money into the bank? Then when I returned, I could have collected it with interest.’

Neh 5:1-13

Nehemiah Deals with Oppression
1Now there was a great outcry of the people and of their wives against their Jewish kin.2For there were those who said, “With our ... View more

Deut 24:6-13

6No one shall take a mill or an upper millstone in pledge, for that would be taking a life in pledge.7If someone is caught kidnaping another Israelite, enslavin ... View more

2Kgs 4:1-7

Elisha and the Widow's Oil
1Now the wife of a member of the company of prophets cried to Elisha, “Your servant my husband is dead; and you know that your servan ... View more

Neh 5:2-7

2For there were those who said, “With our sons and our daughters, we are many; we must get grain, so that we may eat and stay alive.”3There were also those who ... View more

Exod 22:24

24my wrath will burn, and I will kill you with the sword, and your wives shall become widows and your children orphans.

Isa 50:1

1Thus says the Lord:
Where is your mother's bill of divorce
with which I put her away?
Or which of my creditors is it
to whom I have sold you?
No, because of yo ... View more

Prov 6:3-5

3So do this, my child, and save yourself,
for you have come into your neighbor's power:
go, hurry, and plead with your neighbor.4Give your eyes no sleep
and you ... View more

Prov 20:16

16Take the garment of one who has given surety for a stranger;
seize the pledge given as surety for foreigners.

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