Definition of loan shark in English:

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loan shark

Pronunciation:

noun

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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