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- DictionaryLoan shark/ˈlōn ˌSHärk/
noun
- 1. a moneylender who charges extremely high rates of interest, typically under illegal conditions: informal, derogatory "reports of exploitation and deceptive trading practices by loan sharks"
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Nov 7, 2023 · What Is a Loan Shark? A loan shark is a person who—or an entity that—loans money at extremely high interest rates and often uses threats of violence to collect debts.
Apr 4, 2024 · Loan sharks are illegal lenders who threaten and use violence to get their money back. Though loan sharks are less prevalent, vulnerable people still fall victim to...
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt.
Sep 29, 2023 · A loan shark is a person who loans money at unlawfully high interest rates and may use intimidation, primarily threats of violence, to ensure borrowers repay their debts. In some cases, a loan shark may be connected to a criminal organization or might at least imply this to intimidate borrowers.
May 30, 2024 · The meaning of LOAN SHARK is one who lends money to individuals at exorbitant rates of interest.
Feb 9, 2023 · A loan shark is a person who lends money at an unlawfully high rate of interest or who threatens violence to collect debt payments. Loan sharks are predators who make extortionate extensions of credit to enrich themselves in violation of state or federal laws.
Oct 31, 2022 · A loan shark is a dangerous person or group that offers illegal loans with high interest rates and expects to be paid back quickly. Often, loan sharks resort to violence to collect unpaid debts.
a person who charges large amounts of interest for lending money to someone, especially when their financial position means they cannot borrow money from a bank: Loan sharks target those with bad debt records because they may have difficulty getting loans from the usual sources.
Sep 22, 2021 · Definition Of Loan Sharks. Loan sharks generally make short-term loans to those who are experiencing sudden financial difficulty. They charge well above market interest rates to borrow the cash. Payday loan companies such as Money Mart, Eazy Loans, and CashMax are examples of modern-day loan sharks.
A loan shark is a person or firm that lends money at exorbitantly-high interest rates. The term is somewhat ambiguous – some sources say the lender’s activities are illegal, while others include legal lenders who charge considerably more than average.
