Loan Shark: get the facts on private lending
Loan Shark get the facts on private lending
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loan shark meaning
loan shark meaning
Loan Shark - What Does It Mean?
Loan Shark - What Does It Mean
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loan shark defined : 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]Loan shark definition is - one who lends money to individuals at exorbitant rates of interest.A loan shark is a person who – or an entity that – charges borrowers interest above an established legal rate. Often loan sharks are members of organized groups offering short-term loans who ...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;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, a person who lends money at excessively high rates of interest; usurer. See more.Loan shark definition: If you describe someone as a loan shark , you disapprove of them because they lend money... | Meaning, pronunciation, translations and examplesLoan 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.Loan shark Someone who issues loans with interest rates above the maximum legal level, often thought to come with threats from the lessor. Loan sharks typically are associated with organized crime, but this is becoming more rare with the emergence of regulated methods that accompany high-risk loans such as subprime and payday lender. See: Usury Loan ...Definition of loan shark written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels.
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