Loan Shark

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. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>.

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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. 2009. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>.

"loan shark." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O999-loanshark.html

"loan shark." The Oxford Pocket Dictionary of Current English. 2009. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-loanshark.html

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loan shark

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"loan shark." Oxford Dictionary of Rhymes. 2007. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>.

"loan shark." Oxford Dictionary of Rhymes. 2007. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O233-loanshark.html

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Free newspaper and magazine articles

LOAN SHARKS FORCING YOUNG MUMS INTO PROSTITUTION; Vulnerable women targeted...
Newspaper article from: Birmingham Mail (England); 11/28/2011
Loan sharks murder people's souls. They erode every flast drop of quality of...
Newspaper article from: Birmingham Mail (England); 4/19/2011
LOAN SHARKS 'RAPING' VICTIMS OVER PAYMENT; Vulnerable targeted by ruthless...
Newspaper article from: Wales On Sunday (Cardiff, Wales); 10/24/2010

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