The deferred payment or borrowing or lending of money in the purchase and sale of commodities with claims and debts as its essential relationship. When analyzing the form of the movement of interest-bearing capital in the capitalist economy in Capital, Marx once pointed out: “This movement, disposing on condition of returning, constitutes per se the movement of lending and borrowing, that specific form of conditionally alienating money or commodities.” Under the conditions of the existence of commodity-money relation, such lending and borrowing is expressed in the form of alienation of money or commodities on condition of repayment, i.e., in this form the creditor lends money or sells commodities on credit (i.e., on deferred payment), and the debtor repays the loan on an agreed date and pays interest on it…
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