loan shark

A creditor. A person or agency that gives you a set amount of money and adds interest to that money so that you end up paying back more than you borrow.

A perfect example is the college/student loan agencies.

That loan shark doubled his rate after I missed paying him by one day.

by Crono February 25, 2003

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loan shark

Term for a person, usually a member of organized crime, offering loans without background checks, collateral, etc. etc., but charges insane interest ($100s, even $1000s per day in some cases), and has henchmen who will hurt or even kill those who do not repay the loan within a certain time (usually a week or so).

John got beat to shit by Loan Shark Tino Capellini's henchmen for not paying on time. If John doesn't pay Tino back by next week, they will kill him.

by Dispatch Kick Ass July 16, 2004

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loan shark

Pawn broker or a bookie that has no morals and would cut your ass quickly if you default on a loan.

If you need ends (money), go see JZ on 28th. He'll hook you up but your ass is his collateral.

by shinobus July 21, 2004

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loan shark

A person from whom an informal, unregulated, short term loan can be acquired... Usually at usurious interest and with at least the presumption of physical danger to the borrower in the case of default.

The name comes from the ruthless and violent popular image of sharks, and basically assumes the lender hasconnections with organized crime.

Can also sometimes be applied to one who always seems just a bit too mercenary in thier "assistance" of friends.

My uncle was sick for two weeks, and missed a co-op payment. Now he has to get money from a loan shark, or he's on the street.

Bobby said he wouldn't give me a ride to work unless I gave him $15 for gas... What a loan shark.

by Honor July 24, 2004

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