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During the Middle Ages, charging any interest on loans was illegal; today it is legal and borrowing is considered beneficial to growth and productivity in our society. As a consequence, the debtor/creditor relationship is encouraged and protected by our laws. This protection extends not only to creditors, by making them more secure in the lending of resources, but to debtors, by making the system fairer and by providing bankruptcy as a last resort.
During the Middle Ages, charging any interest on loans was illegal; today it is legal and borrowing is considered beneficial to growth and productivity in our society. As a consequence, the debtor/creditor relationship is encouraged and protected by our laws. This protection extends not only to creditors, by making them more secure in the lending of resources, but to debtors, by making the system fairer and by providing bankruptcy as a last resort.
- последнее прибежище
- последнее средство
- последний курорт
- прошлогоднее средство
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