concept
one-twelfth interest
also: unciario fenore, unciarium fenus
Interest capped at one-twelfth of the principal (about 8⅓% per year); later halved to one-twenty-fourth as the debt crisis dragged on.
Reading notes
- The History of Rome, Book 7 §16 one-twelfth interest
Interest capped at one-twelfth of the principal (about 8⅓%), a chief relief in the book's running debt crisis.