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In the Gates

Loans and Pledges

Loans and Pledges--Taking someone’s livelihood in pledge for a loan was absolutely forbidden

The sixth commandment

Deuteronomy 24.6

No one shall take a mill or an upper millstone in pledge, for that would be taking a life in pledge.”

Taking someone’s livelihood in pledge for a loan was absolutely forbidden. It is part of being in the image of God for me to work; thus, no one could deprive another of his vocation and means of support without, at the same time, assaulting his dignity as the image-bearer of God.

Loans were not encouraged, but, of course, they were necessary from time to time. With the loan came the pledge, usually, a physical token given to the lender as a declaration of intent to repay. But that pledge could not be of the sort that jeopardized a man’s ability to provide for himself and his family or his ability to repay his pledge, or that compromised his dignity as the image-bearer of God. Nor, if he was a Hebrew, could interest be fixed to the loan (although there is a debate about whether the issue is interest or inordinate interest, that is, usury).

This series of In the Gates we present a detailed explanation of the Law of God, beginning with the Ten Commandments, and working through the statutes and rules that accompany each commandment. For a practical guide to the role of God’s Law in the practice of ethics, get The Ground for Christian Ethics by going to www.ailbe.org and click on our Book Store.

T.M. Moore

T. M. Moore is principal of The Fellowship of Ailbe, a spiritual fellowship in the Celtic Christian tradition. He and his wife, Susie, make their home in the Champlain Valley of Vermont.
Books by T. M. Moore

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