A person whose business is lending money to others who pay interest.
- Here we have masses of lower income people transferring their meager wealth via outrageous interest rates to unscrupulous moneylenders.
- It does not state on its website that it is a registered moneylender, or that its interest rate is 37.1 per cent APR.
- Most of the people we were lending to had, at one time or another, been indebted to illegal moneylenders, who charge interest rates of 300 percent per annum.
(or money-lending) noun& adjective
- Example sentences
- Any lender offering loans above 23 per cent APR must apply to the regulatory authority for a moneylending licence.
- In effect, we are slowly surrendering our sovereignty in exchange for moneylending.
- Women's moneylending varies seasonally in tandem with agrarian financial cycles.
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