Definition, Meaning & Synonyms

loan-shark

Noun

/ˈloʊn ˌʃɑrk/

Definition

A loan shark is a person or company that offers loans at extremely high interest rates, typically in an illegal manner.

Examples

Many individuals fall victim to loan sharks when they are unable to get traditional loans.
The loan shark threatened him when he couldn’t repay the money on time.
Loan sharks often prey on the vulnerable, promising quick cash without proper documentation.

Meaning

Loan sharks exploit individuals in need of quick financial assistance by charging exorbitant interest and often employing aggressive tactics for repayment.