Loan shark

Person who offered loans with extremely high interest rates, often with strict terms of collection

Nº Q1975715 ★★★★

Super Rare · Knowledge

Loan shark

Person who offered loans with extremely high interest rates, often with strict terms of collection

A loan shark is a person who offers loans at interest rates that are extremely high or illegal, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. As a consistent or repeated illegal business operation or "racket", loan sharking is generally associated with organized crime and certain criminal organizations.

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From Wikipedia

A loan shark is a person who offers loans at interest rates that are extremely high or illegal, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. As a consistent or repeated illegal business operation or "racket", loan sharking is generally associated with organized crime and certain criminal organizations.

Text: Wikipédia, CC BY-SA 4.0. · Image: Wikimedia Commons (CC BY-SA 4.0) ·

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