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shy: the interest charged on loans by loan sharks. shylock business: the business of loansharking. sitdown: a meeting, esp. with another family. soldier: the bottom-level member of an organized crime family who is made. spring cleaning: cleaning up, hiding or getting rid of evidence. straighten out, getting straightened out: becoming a made guy
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a usurer, but in modern colloquial English may be called a loan shark.
Police in Rome say they have dismantled a brutal loansharking ring just as many shopkeepers are desperate for liquidity after being closed for weeks during COVID-19 lockdown. The crackdown ...
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
Sharking may refer to: Card sharking or sharping, use of skill and/or deception to win at card games; Pool sharking (which has multiple meanings) Loan sharking, lending money at extremely high interest rates; Sharking or debagging, slang for the pulling down of someone's pants, underwear, top, or other clothing, usually against their will
Bruno Lopes-Ferreira, 30, is charged with second-degree criminal usury, second-degree engaging in the business of criminal usury and more.
And let’s call this what it is, this is loan sharking,” he stated. What to read next Arizona man says his gap insurance won't pay an $18,000 claim for his totaled BMW because of a 60-cent mistake