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 ?
Lesson plans for five-yearolds including a cartoon about a penguin who borrows from a loan shark to fix a broken fishing rod.
A LOAN shark allegedly attempted to abduct a man from a Bahrain street in broad daylight over an unpaid debt.
One victim said a loan shark would turn up at their house at any time of the day or night demanding payment and make violent threats.
A loan shark is someone who offers a cash loan without paperwork and often with huge amounts of interest or APR.
A 41-year-old private sector worker unwillingly borrowed money from a loan shark after they allegedly banked in a sum of money into the victim's account and withdrew it two months later.
The gaming body has issued warnings to all local casinos to ban from their establishments known loan shark syndicates victimizing big-time players, said Salvosa.
If you have been a victim of a loan shark, call the Illegal Money Lending team on 0300 555 2222 to report them in confidence.
A SUSPECTED loan shark has been arrested during a raid in North Shields.
It has helped at least 24,000 loan shark victims and had PS63million in illegal debts written off.
For financial advice or to report a loan shark, call the EIMLT on 0300 555 2222.
Upon signing up a deal with a loan shark, the borrower understands that the lender keeps a stranglehold on him.