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Loan Shark |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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. Things didn't have to actually be profitable or cash flow because the loan sharks would fill the gap. Surrounding himself with a few loyal followers who agree with his utopian view of what it will take to resurrect the town's economic base, he makes some progress only to be set back numerous times by members of the former lower class of whites who have now risen to power as loan sharks, labor contractors, and political bosses. |
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