Definition of loan shark in English:

loan shark

Line breaks: loan shark


informal , • derogatory
  • A moneylender who charges extremely high rates of interest, typically under illegal conditions: reports of exploitation and deceptive trading practices by loan sharks
    More example sentences
    • Others make frequent trips to pawn off paychecks at an interest rate a loan shark salivates over.
    • The rates may not seem onerous to borrowers when their only other source of credit is a loan shark.
    • Credit card holders know that borrowing on their card without repaying in full at the end of each month is the most expensive form of borrowing available - short of approaching a loan shark.

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