A loan shark is an informal and sometimes illegal way of lending money to another person. Loan sharks are not regulated by the government and offer high-interest rates, making them difficult to pay off. They often use threats or violence if the borrower does not repay or cannot repay on time.
Table Of Content:
- Loan shark Definition & Meaning | Dictionary.com
- Loan Shark | Definition of Loan Shark by Merriam-Webster
- LOAN SHARK (noun) definition and synonyms | Macmillan Dictionary
- 3 Synonyms & Antonyms for LOAN SHARK | Thesaurus.com
- Loan-sharking | Definition of Loan-sharking by Merriam-Webster
- Loan shark - definition of loan shark by The Free Dictionary
- LOAN SHARK English Definition and Meaning | Lexico.com
- LOAN SHARK | meaning in the Cambridge English Dictionary
- Loan shark - Wikipedia
- Loan shark definition and meaning | Collins English Dictionary
1. Loan shark Definition & Meaning | Dictionary.com
https://www.dictionary.com/browse/loan-shark
a person who lends money at excessively high rates of interest; usurer. QUIZ. ARE YOU A TRUE BLUE CHAMPION OF THESE "BLUE" SYNONYMS? We could ...
2. Loan Shark | Definition of Loan Shark by Merriam-Webster
https://www.merriam-webster.com/dictionary/loan%20shark
Loan shark definition is - one who lends money to individuals at exorbitant rates of interest. ... Emma Rubin, Vulture, 21 June 2021 Later, a loan shark named Sykes plots a kidnapping, ... See the full definition for loan shark in the English Language Learners Dictionary ... “In Vino Veritas” and Other Latin Phrases to Live By.
3. LOAN SHARK (noun) definition and synonyms | Macmillan Dictionary
https://www.macmillandictionary.com/us/dictionary/american/loan-shark
Definition of LOAN SHARK (noun): someone lending money at high interest ... Definition and synonyms of loan shark from the online English dictionary from ...
4. 3 Synonyms & Antonyms for LOAN SHARK | Thesaurus.com
https://www.thesaurus.com/browse/loan%20shark
Find 3 ways to say LOAN SHARK, along with antonyms, related words, and example sentences at ... loan shark. See definition of loan shark on Dictionary. com.
5. Loan-sharking | Definition of Loan-sharking by Merriam-Webster
https://www.merriam-webster.com/dictionary/loan-sharkingLoan-sharking definition is - the practice of lending money at exorbitant rates of ... loan-shark·ing | \ ˈlōn-ˌshär-kiŋ \ ... Dictionary Entries Near loan-sharking ... Get Word of the Day daily email! ... “In Vino Veritas” and Other Latin Phrases to Live By ... ARABIC TRANSLATION · NGLISH - SPANISH-ENGLISH TRANSLATION.
6. Loan shark - definition of loan shark by The Free Dictionary
https://www.thefreedictionary.com/loan+shark
Define loan shark. loan shark synonyms, loan shark pronunciation, loan shark translation, English dictionary definition of loan shark. n. Informal One who lends ...
7. LOAN SHARK English Definition and Meaning | Lexico.com
https://www.lexico.com/en/definition/loan_shark
English dictionary definition of LOAN SHARK along with additional meanings, example sentences, and different ways to say.
8. LOAN SHARK | meaning in the Cambridge English Dictionary
https://dictionary.cambridge.org/dictionary/english/loan-shark
5 days ago ... loan shark definition: 1. a person who charges very large amounts of money for lending money to someone 2. a person who…. Learn more.
9. Loan shark - Wikipedia
https://en.wikipedia.org/wiki/Loan_shark
A loan shark is a person who offers loans at extremely high interest rates, has strict terms of ... A common use of painting includes the characters "O$P$" meaning "owe money ... To further avoid attracting attention, when expanding his trade to other cities, an owner would often found new firms with different names rather than ...
10. Loan shark definition and meaning | Collins English Dictionary
https://www.collinsdictionary.com/dictionary/english/loan-shark
But that could shut down short-term loans and force people towards illegal loan sharks or other extreme measures. The Sun (2013). WHEN are the Government ...
What kind of people lend money from loan sharks?
Loan sharks usually provide loans to people who cannot access credit from traditional sources, such as banks or a credit union.
Why do loan sharks charge high interest rates?
Loan sharks charge high interest rates because there is no regulation and they have no incentive to consider the borrower’s financial circumstances when setting an interest rate. They also have fewer restrictions around payment terms compared with typical lenders like banks.
What happens if the borrower can’t pay back a loan shark?
If the borrower fails to make payments, they risk facing physical violence or having their property seized by the loan shark as retribution for defaulting on their debt.
Is it possible to get out of debt with a loan shark?
It is possible to negotiate a repayment plan with a loan shark, though this can be difficult and risky due to potential threats or violence associated with these types of lenders. Alternatively, individuals in debt can contact their local government for assistance in negotiating with a loan shark for relief.
Conclusion:
Loan sharks are dangerous sources of financing due to the high interest rates and potential violence associated with these types of lenders. Borrowers should take caution when considering taking out a loan from one as there may be serious consequences for not paying back on time.
