Description

A bond is defined as a debt investment (Links to an external site.) in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable, or fixed interest rate (Links to an external site.). Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities. When we use a credit card, we borrow money from the credit card company and pay when it’s due. It is short-term borrowing with no interest unless it’s revolving. It seems like the economy is running on debt.

Is borrowing or lending money a sin because the bible clearly mentions not to lend money on interest. Are we committing a sin by lending money to others or by encouraging banks or institutions to lend money to us? Discuss your thoughts on borrowing or lending money and bond or credit card use from a biblical perspective.