Adam Smith：The Wealth of Nations, Book II, Chapter IV, Paragraph 865

A capital lent at interest may, in this manner, be considered as an assignment, from the lender to the borrower, of a certain considerable portion of the annual produce, upon condition that the burrower in return shall, during the continuance of the loan, annually assign to the lender a small portion, called the interest; and, at the end of it, a portion equally considerable with that which had originally been assigned to him, called the repayment. Though money, either coin or paper, serves generally as the deed of assignment, both to the smaller and to the more considerable portion, it is itself altogether different from what is assigned by it.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter IV, paragraph 865 · Verified：2026-10-19 · Verification：Exact match

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