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n. Informal
The practice of lending money at usurious, often illegal interest rates.


or loan′-shark`ing,

n. Informal.
the practice of lending money at excessive rates of interest.
[1910–15, Amer.]
References in periodicals archive ?
291,323 (1983) ("In practice, [[section] 1962(b)] prosecutions involve relatively simple fact patterns in which the defendant is charged with 'muscling' into businesses through loansharking, bribery, extortion, or fraud.
The findings are based on feedback from just over 600 people who contacted Citizens Advice with payday lender problems between April and August this year, LOANSHARKING and form part of regular research that goes back to 2012.
The risk from payday lenders has been highlighted by the Mirror's End Legal Loansharking campaign.
It is becoming worse with the growth of pawnbroking, loansharking, child poverty and the widespread use of food banks.
According to the letter, casinos attract corruption, money laundering, loansharking and other criminal activities.
The one who saw it as pervasive was thinking of the 1970s, when Tony Spilotro branched out into pimping and loansharking, he had the Hole in the Wall Gang committing burglaries, and his posse included a police detective.
In fact, Bulger's lawyers conceded he ran a criminal enterprise that raked in millions through drugs, gambling and loansharking.
Prosecutors allege that Bulger fled Boston just before he was indicted in January 1995 on charges he and his old partner in crime, Stephen "The Rifleman" Flemmi, and others were indicted as part of a racketeering enterprise controlling illegal gambling and loansharking in metropolitan Boston.
24) Peter Reuter examined bookmaking, loansharking, and numbers gambling in New York City and observed that they were "not monopolies in the classic sense or subject to control by some external organization.
The group's operations extend from New York and the eastern seaboard to California and involve racketeering, gambling, loansharking, extortion, money laundering, prostitution, fraud, wire fraud and hijacking.
The defendant had also taken part in loansharking from 1988 to 1999.
His position may have become untenable after the most recent scandal to emerge--the gunning down of a Limassol police officer who was later linked to loansharking and dealings with mob figures.