👉 Exorbitance is a term used in finance and legal terms to describe an excessive or unreasonable amount of debt, especially when compared to what one's financial situation allows. It refers to situations where individuals or companies owe more than they can afford due to over-indebtedness. In the context of money, exorbitant debts often refer to high-interest loans, credit card balances, or other types of debt that are perceived as being too expensive for an individual or business to manage. This excessive spending
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What is the definition of Exorbitance? 🙋
👉 Exorbitance is a legal term in many jurisdictions that refers to an excessive or unreasonable amount of money, especially when used as a means of fraud or deception. It can also refer to an excess or overcharge in the context of prices or charges. The exact definition may vary depending on the country and jurisdiction.
