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Loan Shark: get the facts on private lending
Loan Shark get the facts on private lending
loan shark
loan shark
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loan shark define : A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and operates outside off the street (outside of local authority). The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans. [page needed] [page needed]Define loan shark. loan shark synonyms, loan shark pronunciation, loan shark translation, English dictionary definition of loan shark. ... loan shark; Loan sharking; Loan sharking; Loan sharking; Loan sharks; Loan sharks; Loan sharks; Loan Status Report; Loan Status Update; Loan Stock; Loan Stocks; loan store; Loan syndication; Loan syndication;Loan Shark: A person or entity that charges borrowers interest above an established legal rate. Depending on where a person lives, lenders typically cannot charge more than 60% interest per annum ...Term for a person, usually a member of organized crime, offering loans without background checks, collateral, etc. etc., but charges insane interest ($100s, even $1000s per day in some cases), and has henchmen who will hurt or even kill those who do not repay the loan within a certain time (usually a week or so).Loan shark definition is - one who lends money to individuals at exorbitant rates of interest.Loan shark definition, a person who lends money at excessively high rates of interest; usurer. See more.loan shark meaning: 1. a person who charges very large amounts of money for lending money to someone 2. a person who charges a very large amount of interest for lending money 3. a person who charges large amounts of interest for lending money to someone, especially when their financial position…. Learn more.Loan Shark. A person who lends money in exchange for its repayment at an interest rate that exceeds the percentage approved by law and who uses intimidating methods or threats of force in order to obtain repayment.Synonyms for loan shark at Thesaurus.com with free online thesaurus, antonyms, and definitions. Find descriptive alternatives for loan shark.Loan-sharking definition is - the practice of lending money at exorbitant rates of interest.
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