loan shark

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loan shark

n. Informal
One who lends money at exorbitant interest rates, especially one financed and supported by an organized crime network.

loan shark

n
(Banking & Finance) informal a person who lends funds at illegal or exorbitant rates of interest

loan′ shark`


n.
Informal.
a person who lends money at excessively high rates of interest; usurer.
[1900–05, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.loan shark - someone who lends money at excessive rates of interestloan shark - someone who lends money at excessive rates of interest
lender, loaner - someone who lends money or gives credit in business matters
shark - a person who is ruthless and greedy and dishonest
References in periodicals archive ?
The report - commissioned by the Illegal Money Lending Team, set up to tackle loan sharking - says social conditioning is a key barrier to men getting help, with many afraid they will be seen as "grasses".
One judge described the offence of loan sharking as 'murder of the soul' which summarises the misery they can cause.
Another man in his early 20s added said: "Yeah there's loan sharking here but they're everywhere.