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Loan Shark

LOAN 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.

In most jurisdictions usury laws regulate the charging of interest rates. Loan sharking violates these laws, and in many states it is punishable as a criminal offense. The usual penalty imposed is a fine, imprisonment or both.

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"Loan Shark." West's Encyclopedia of American Law. . Encyclopedia.com. 13 Dec. 2017 <http://www.encyclopedia.com>.

"Loan Shark." West's Encyclopedia of American Law. . Encyclopedia.com. (December 13, 2017). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/loan-shark

"Loan Shark." West's Encyclopedia of American Law. . Retrieved December 13, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/loan-shark

loan shark

loan shark • n. inf., often derog. a moneylender who charges extremely high rates of interest, typically under illegal conditions. DERIVATIVES: loan·shark·ing / ˈlōnˌshärking/ n.

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"loan shark." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. 13 Dec. 2017 <http://www.encyclopedia.com>.

"loan shark." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (December 13, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/loan-shark-0

"loan shark." The Oxford Pocket Dictionary of Current English. . Retrieved December 13, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/loan-shark-0

loan shark

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"loan shark." Oxford Dictionary of Rhymes. . Encyclopedia.com. 13 Dec. 2017 <http://www.encyclopedia.com>.

"loan shark." Oxford Dictionary of Rhymes. . Encyclopedia.com. (December 13, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/loan-shark

"loan shark." Oxford Dictionary of Rhymes. . Retrieved December 13, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/loan-shark