Loan Shark

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Related to Lone shark: loan shark

Loan Shark

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.

References in periodicals archive ?
Seven anglers on Lone Shark captured 60 cod to 8lb and ling to 11lb.
Five anglers out on Lone Shark kept 62 cod with 30 returned.
Skipper Dennis Lilley took his boat Lone Shark out on a rare calm evening with nothing in the first few hours the skipper headed off to a mark not far off and was into codling around 2lb, which where returned.
At Hartlepool all is well, anglers on lone Shark taking cod and ling to 12lb.
He was an avid member of the Lone Sharks Scooter Club and was coming home from a great weekend at his first scooter rally of the year when he tragically lost his life.
GIGS ABERTILLERY: Commercial Hotel (01495 212310), The Lone Sharks.