loan shark


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Related to loan shark: personal loan

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 ?
A typical case saw one victim borrow PS350 from a loan shark.
It has helped at least 24,000 loan shark victims and had PS63million in illegal debts written off.
If anyone is a victim of a loan shark, or knows of someone who is, we would urge you to speak to us in confidence, as we can help.
It is important for those caught in the hands of a loan shark to know that help is available.
For financial advice or to report a loan shark, call the EIMLT on 0300 555 2222.
The scheme, organised through the England's loan shark squad, the Illegal Money Lending Team, has seen a significant take-up from schools in the county.
Tony Quigley, who runs the organisation, said: "We had a case where the loan shark would cut the wires to someone's television and phone and just sit outside the house.
If you don't have a health problem before you see a loan shark, you will afterwards.
The UAE loan shark community has a macabre nickname: the blade mafia.
Upon signing up a deal with a loan shark, the borrower understands that the lender keeps a stranglehold on him.
Remember, loan shark debts are not enforceable and by taking action against loan sharks we can, in the long term, reduce rent arrears, evictions and homelessness.
Research firm Policis has calculated that 265,000 people know a loan shark and are unable to raise the pounds 200 needed to cover the cost of an average Christmas.