Search results
Results From The WOW.Com Content Network
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.
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.
Many will be left vulnerable to “legal loan sharks” if the Government does not bring forward its plans to regulate the “buy now, pay later” sector sooner, a Labour MP said. In Chancellor ...
For premium support please call: 800-290-4726 more ways to reach us
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
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.
A loan shark is an individual who loans money at high interest. Loan shark and Loanshark may also refer to: Loan Shark, a 1952 American crime film noir; Loanshark, a 1999 American crime film "Loanshark Blues", a song from the Rory Gallagher album Defender