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loan shark

financecrime

"Loan sharks" are notorious for lending money at excessively high interest rates, often resorting to illegal or unethical methods to collect debts.

Definition

B2Finance

(informal, illegal)A person or entity that lends money at extremely high interest rates.

Example

  • Desperate for cash, he turned to a loan shark for quick money.

B2Crime

(informal, illegal)An individual who lends money at exorbitant rates and may use threats or violence to collect debts.

Example

  • The loan shark threatened him when he couldn't repay the money on time.