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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]
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.
Default interest on late payments may be charged at up to 1.46 times the ordinary maximum (i.e., 21.9% to 29.2%), while pawn shops may charge interest of up to 9% per month (i.e., 108% per year, however, if the loan extends more than the normal short-term pawn shop loan, the 9% per month rate compounded can make the annual rate in excess of 180 ...
Fear and intimidation are just some of the tools used by illegal money lenders across England.
New York sues loan shark group accused of charging Manhattan’s City Bakery and other small businesses ‘illegal’ rates of up to 820%. María Soledad Davila Calero. March 5, 2024 at 4:06 PM.
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The etymology of the word shark is uncertain. The most likely etymology states that the original sense of the word was that of "predator, one who preys on others" from the Dutch schurk, meaning 'villain, scoundrel' (cf. card shark, loan shark, etc.), which was later applied to the fish due to its predatory behaviour. [10]
Taschman is the first reported shark bite in 2024 for the Treasure Coast, according to TCPalm's archives. Last year, there were three non-fatal shark bites on the Treasure Coast.