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Loan Shark
(redirected from Loanshark)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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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uk CAPTION(S): NIGHTMARE Kevin and Debbie Wilson THE HOUSE Ill-gotten gains paid to kit out his kitchen THE pounds 2,000 TV One of two plasma screens he bought DESIGNER GEAR Reynolds could afford to get the top labels THE WHEELS He splashed the cash on expensive alloys THE LOANSHARK Robert Reynolds escaped prison sentence
If you go bankrupt, it will be entered into the records of the County Court, and you will find it very hard to get credit of any kind in the future, except at loanshark interest rates.
The brave builder has now revealed the full horrific ordeal he suffered at the home of Birmingham loanshark Lee Walker and his equally ruthless son, Christopher.
 
 
 
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