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Definitions from the Web

Loan-sharking

Definition:

Loan-sharking refers to the practice of lending money at extremely high interest rates, typically to individuals who may not have access to traditional financial institutions.

Part of Speech:

Noun

Senses:

Sense 1:

The act of lending money at exorbitant interest rates

Example sentence: Loan-sharking is a form of predatory lending that exploits vulnerable individuals in need of immediate cash.

Sense 2:

The practice of offering loans to individuals with a poor credit history

Example sentence: Many people resort to loan-sharking as their bad credit restricts them from obtaining loans from traditional banks.

Usages:

Popular Usage:

The term "loan-sharking" is commonly used to describe the illegal act of lending money at excessively high interest rates.

Example sentence: The neighborhood was plagued by loan-sharking activities, causing financial distress among the local residents.

Local Usage:

In certain communities, "loan-sharking" may refer to informal lending practices among friends or relatives, often without any interest charged.

Example sentence: The small tight-knit community had its own system of loan-sharking, where neighbors helped each other during times of financial need.

Related Products:

Books on loan-sharking

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