Definition of loan shark in English:

loan shark

noun

derogatory, informal
  • A moneylender who charges extremely high rates of interest, typically under illegal conditions.

    ‘reports of exploitation and deceptive trading practices by loan sharks’
    • ‘Now, this book is a bit too filmic for my tastes: the hero's gimmick of imposing his personality on people by saying ‘look at me’ worked better when he was a loan shark than a Hollywood producer.’
    • ‘‘Duh, I know what a loan shark is,’ Morgan said, smiling, turning to face her, eyes still half-closed.’
    • ‘Credit card holders know that borrowing on their card without repaying in full at the end of each month is the most expensive form of borrowing available - short of approaching a loan shark.’
    • ‘Whereas a payday loan borrower always has the protection of declaring bankruptcy, he has no such option in the face of a surly loan shark.’
    • ‘Jay and Arty's mother has passed away, forcing them to live with Grandma while Dad earns enough money to pay back a loan shark.’
    • ‘Last time around he fought to keep the place from falling into the hands of a loan shark, after realizing the importance of the decades-old shop to the community.’
    • ‘A loan shark may ask for 20 percent interest for 12 weeks or 60 days.’
    • ‘You would have been stupid to go with a loan shark after talking with these people.’
    • ‘Instead of a bank, there is a loan shark tray that holds money to buy stolen properties that can be turned into crack houses.’
    • ‘The rates may not seem onerous to borrowers when their only other source of credit is a loan shark.’
    • ‘Most of my clients will get into trouble by gambling the money they need to live on, go to a loan shark, then they gamble that.’
    • ‘‘When we started there was a lot of poverty in this country - when working class people needed a loan, they couldn't get it from a bank - they had to go to a loan shark but all of that has now changed,’ he said.’
    • ‘He said that the credit union had seen an end of the loan shark and the pawnbroker, who for far too long, had gripped people in poverty.’
    • ‘So her solution is to get another credit card, and it goes on to a loan shark.’
    • ‘Others make frequent trips to pawn off paychecks at an interest rate a loan shark salivates over.’
    • ‘Well my uncle, he got into a spot of trouble, and he owed the loan shark a lot of money.’
    • ‘A farmer who values his independence more than anything on earth loses his independence to the first loan shark who promises to make him more self-sufficient than his neighbor.’
    • ‘Does a loan shark enhance his credibility by showing other debtors that one must pay up - or else?’
    • ‘It made borrowing more costly and it made our currency extremely vulnerable - in much the same way that borrowing from a loan shark costs more and is riskier than borrowing from a bank.’
    • ‘Bill, a nasty loan shark, lends Shane the cash he needs to cover his losses, while making it clear that if the money isn't repaid on time, Shane will suffer deeply.’

Pronunciation

loan shark