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Loan Shark |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.01 sec. |
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A person who lends money in exchange for its repayment at an interest rate that exceeds the percentage approved by law and who uses intimidating methods or threats of force in order to obtain repayment. In most jurisdictions Usury laws regulate the charging of interest rates. Loan sharking violates these laws, and in many states it is punishable as a criminal offense. The usual penalty imposed is a fine, imprisonment or both. |
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? References in periodicals archive |
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The average loan is about $200 and the bank has millions of customers who no longer have to rely on loan sharks. She's a loan shark, a slum landlord, and the owner of a number of group homes, all part of her quest to become rich and powerful, no matter who she steps on along the way. Danny is owned by Hoskins' Bart, a Glasgow loan shark. |
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Loan Shark