Definition of loan shark in English:

loan shark

noun

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

    shark
    • ‘Well my uncle, he got into a spot of trouble, and he owed the loan shark a lot of money.’
    • ‘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.’
    • ‘So her solution is to get another credit card, and it goes on to a loan shark.’
    • ‘‘Duh, I know what a loan shark is,’ Morgan said, smiling, turning to face her, eyes still half-closed.’
    • ‘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.’
    • ‘A loan shark may ask for 20 percent interest for 12 weeks or 60 days.’
    • ‘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.’
    • ‘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.’
    • ‘Others make frequent trips to pawn off paychecks at an interest rate a loan shark salivates over.’
    • ‘The rates may not seem onerous to borrowers when their only other source of credit is a 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.’
    • ‘‘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.’
    • ‘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.’
    • ‘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.’
    • ‘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.’
    • ‘Does a loan shark enhance his credibility by showing other debtors that one must pay up - or else?’
    • ‘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.’
    • ‘Instead of a bank, there is a loan shark tray that holds money to buy stolen properties that can be turned into crack houses.’
    • ‘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.’
    • ‘You would have been stupid to go with a loan shark after talking with these people.’

Pronunciation:

loan shark

/ˈlōn ˌSHärk/