For example, a loan shark would lend $10,000 to a person with the provision that they be repaid $20,000 within 30 days.
A big word of caution is that loan sharks will often back their lendings with threats of violence or damage to a person's reputation as a way to ensure the loans are repaid. If you find yourself in a position of owing to a loan shark, make sure you talk to a financial (and maybe a legal) professional to help you get out of the situation.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
loan shark — ➔ shark * * * loan shark UK US noun [C] INFORMAL DISAPPROVING ► a person who charges large amounts of interest for lending money to someone, especially when their financial position means they cannot borrow money from a bank: »Loan sharks target… … Financial and business terms
loan shark — n. A person who lends money at extortionate interest rates, usually illegally. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. loan shark A person who lends … Law dictionary
loan shark — A loan shark lends money at very high rates of interest … The small dictionary of idiomes
loan shark — loan sharks N COUNT (disapproval) If you describe someone as a loan shark, you disapprove of them because they lend money to people and charge them very high rates of interest on the loan. [INFORMAL] … English dictionary
loan shark — loan ,shark noun count INFORMAL someone who lends money to people and charges them a very high rate of interest ╾ loan ,sharking noun uncount … Usage of the words and phrases in modern English
loan shark — n someone who lends money at very high rates of ↑interest and will often use threats or violence to get the money back … Dictionary of contemporary English
loan shark — loan′ shark n. Informal. inf a person who lends money at excessively high rates of interest; usurer • Etymology: 1900–05, amer … From formal English to slang
loan shark — ► NOUN informal ▪ a moneylender who charges exorbitant rates of interest … English terms dictionary
loan shark — ☆ loan shark n. Informal a person who lends money at exorbitant or illegal rates of interest … English World dictionary
Loan shark — A loan shark is a person or body that offers illegal unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. They provide credit to those who are unwilling or unable to obtain it from more… … Wikipedia