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Neapolitan sums

The Neapolitan sums (Polish: Sumy neapolitańskie) refers to a loan made in 1557 by Bona Sforza, dowager Queen of Poland and Grand Duchess of Lithuania, to Philip II of Spain. The debt was never repaid and continued to be disputed between the Polish–Lithuanian Commonwealth and Kingdom of Spain up until the Third Partition in 1795. The phrase sumy neapolitańskie became synonymous in the Po

Trading basics

Vix pervenit

Vix pervenit (lit. 'It has hardly reached') is an encyclical, promulgated by Pope Benedict XIV on 1 November 1745, which condemned the practice of charging interest on loans as usury. Because the encyclical was addressed to the bishops of Italy, it is generally not considered ex cathedra. The Holy Office applied the encyclical to the whole of the Roman Catholic Church on 29 July 1836, du