An interest charge is made up of an award for waiting known as the real rate of interest, a premium for risk and compensation for transaction costs. Where inflation exists the lender seeks further compensation. In order to understand the composition and evolution of different versions of the...

The exigencies of orthodoxy have determined and continue to determine the business relationships and decisions of many groups. These demands consequently affect the form and content of business transactions and records. The care, under Jewish law, with which a contract of guarantee has to be...