a loan shark is someone who'll give someone else a loan (usually a pretty large sum) and then charge a ridiculous amount of interest. when the loan wasn't paid they would usually use force to get their money. this term, or, ahem, profession is usually linked to the mafia.
by adry July 19, 2004
A shark is obviously something that has the capacity to bite you in the ass. A loan shark is someone who will lend you money, assumming you will pay him/her back in a rediciously large amount of intrest. (You borrow $3000, and owe him $300 a month for 2 years)
by Rob the magical mushroom. July 16, 2004
One who is known to loan money to folks around there neighborhood, but with interest in mind. If you fail to re-pay them on time expect drastic consequences (ie. bodily harm or worse).
<Tony> My rent is due tomorrow but I don't get paid for another week.
<James> You're fucked bro, better go see "Ricky" (loan shark).
<Tony> F**k that homie, I ain't risking my balls to no loan shark.
<James> You're fucked bro, better go see "Ricky" (loan shark).
<Tony> F**k that homie, I ain't risking my balls to no loan shark.
by lilshizzy July 19, 2004
A person who loans money (usually a gangster or someone involved in vice) to others who may not be able to borrow from other, more savoury means. Failure to repay the money often culminates in excessive violence.
Favours the sledgehammer as a weapon.
Favours the sledgehammer as a weapon.
"anything is better than those goddamned accountants, at least having my legs broken is exciting..."
by coldy! July 21, 2004
A "loan shark" is an unofficial, illegal person / organisation who loans money. The advantage of using a loan shark is that there is no credit check on your past, so anyone can borrow money from them. THe disadvantages are the extortionate rates of interest and that the loan is secured on your body. If you don't pay your installments, you get a broken leg. If you miss another, your other leg is broken and it goes on and on.
"I am really strapped for cash and the bank have turned me down for a loan."
"You need a laon shark pal."
"You need a laon shark pal."
by James Padgett July 18, 2004
Someone who lends you money and expects you to pay within so many days, if you do not they start with dismemberment -- or they just simply kill you.
by Anonymous August 14, 2003
someone of a very shady reputation, whom you would borrow money from only as a last resort. they'll charge outrageous interest, and if you fail to pay up, they'll send some of their goons to break your legs.
i borrowed money from vito the loan shark. i missed a payment, and his thugs come around and broke my arm!
by andrew July 22, 2004