Unlicensed moneylender, who preys on the weakest and most vulnerable members of society, and ensures continued repayments by threatening to send round some thugs to rough up those who don't pay.
Jack was in danger of losing his house so he had to borrow money from a loan shark.
by The Catman July 24, 2004
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
Any credit card company.
Visa, Mastercard, American Express.....
by kid July 22, 2003
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 15, 2004
Someone who gives a loan and then charges insanely high interest rates, making it inpossible to pay back
john didnt have the money so tiny mike the loanshark broke his legs with a bat
by Big Robert July 22, 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.
I can't borrow from the bank, I have to find that loan shark!
by Anonymous August 14, 2003
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)
damnit! I can't get out of this gayass house cause some loan shark is eating up all my money.
by Rob the magical mushroom. July 15, 2004
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 21, 2004

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