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
A member in organized crimes that loans an amount of money to people that are in need of fast, easy money. Loan Sharks tend to be violent if the client does not pay up, also ask for a much higher cash return then what was originally given.
Guy 1: Hey what happened to Louis?
Guy 2: Those Loan Sharks knocked his teeth out, and put his cat in the dishwasher!
Guy 1: He shoulda paid up!
Guy 2: Those Loan Sharks knocked his teeth out, and put his cat in the dishwasher!
Guy 1: He shoulda paid up!
by ElGrego March 13, 2011
It hasn't always been easy. I started off in Brooklyn. I was then given a small loan of one million dollars.
by Neytari May 1, 2018
The easiest way to get money for a new DVD player or a computer. Usually around .1% interest over 600 years.
by Johnny Rocketfingers July 21, 2003
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