LOANSHARK

Loan shark

A loan shark is a person or body that offers loans at extremely high interest rates. The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans. Loan sharks sometimes enforce repayment by blackmail or threats of violence. Historically, many moneylenders skirted between legal and extra-legal activity. In the recent western world, loan sharks have been a feature of the criminal underworld.

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loan shark

Noun

  1. Someone who lends money at exorbitant rates of interest.

Verb



The above text is a snippet from Wiktionary: loan shark
and as such is available under the Creative Commons Attribution/Share-Alike License.

loanshark

Noun

Verb

  1. To commit crimes as a loan shark/loanshark; to commit usury (to loan money at excessive rate of interest) especially if collecting under threat of violence.


The above text is a snippet from Wiktionary: loanshark
and as such is available under the Creative Commons Attribution/Share-Alike License.

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