Loan Shark
/ˈloʊn ʃɑːrk/
Definitions
- (n.) A person who lends money at unlawfully high interest rates, often using threats or violence to enforce repayment.
The victim reported the loan shark to the police after receiving threats for late payment.
Forms
- loan sharks
Related terms
See also
Commentary
Term often appears in criminal and financial regulation contexts; drafting should clarify the unlawfulness of interest rates and coercive methods.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.