interest on a loan: the extra a lender takes from a borrower, named as a bite
This word comes straight from the ordinary verb for biting, the word used of a snake's strike (נָשַׁךְ). Interest is named for what it was felt to be: something with teeth, gnawing at a person who had to borrow in the first place. The English word "interest" sounds like arithmetic, while the Hebrew sounds like a wound.
Every appearance sits in the same setting, a law or a psalm or a prophet's list of charges, and always about lending to a neighbor in need. Money, food, and "anything" at all can be lent this way (Deuteronomy 23:19), and the laws rule all of it out between Israelites. The target is not commercial banking but a neighbor who has run out of options and is in no position to argue over terms.
Seven of the ten verses pair the word with a second term for the increase a lender collects (תַּרְבִּית, and in Leviticus 25:37 מַרְבִּית). Scholars still argue over whether the two named different arrangements or simply covered the same ground twice, but the effect of the pairing is plain: no way of profiting from a neighbor's hardship was left open.
Where the word turns up shows how seriously it was taken:
- the laws of Exodus, Leviticus, and Deuteronomy forbid it between Israelites
- Psalm 15 makes refusing it a mark of the person who may stand in God's presence
- Proverbs warns that wealth built on it ends up in the hands of someone kind to the poor
- Ezekiel counts taking it among the sins for which a man forfeits his life
Disputed
Whether נֶשֶׁךְ is a technical term for one specific kind of interest, distinct from the תַּרְבִּית / מַרְבִּית with which it is paired, or whether the paired terms are a comprehensive expression for interest of any kind.
- contestedThe terms are technically distinct, though the difference is articulated in more than one way: interest deducted from the principal at the outset as against increase added at repayment; interest on loans of money as against increase on loans of produce (so Lev 25:37, where silver is lent at neshek and food at marbit); or the charge as the debtor pays it as against the gain as the creditor receives it.; S. E. Loewenstamm, "נשך and מ/תרבית," Journal of Biblical Literature 88 (1969); R. P. Maloney, "Usury and Restrictions on Interest-Taking in the Ancient Near East," Catholic Biblical Quarterly 36 (1974)
- contestedNo technical distinction can be sustained: the standard lexica gloss both terms simply as interest, and the paired phrasing in the loan laws is a comprehensive way of forbidding interest in every form rather than a contrast between two instruments.; HALOT, s.v. נֶשֶׁךְ; DCH, s.v. נֶשֶׁךְ