look up any word, like tribbing:
 
1.
vig
Payment of a service rendered to a benefactor from the benificiary of said service.
"This is good, this is shady Frank, I like this kinda stuff. So whats the VIG on this action."
by eric ninguard September 08, 2007
 
2.
vig
1)the interest payment on a loan paid back to the creditor by a certain percent.
2)short for "vigorish" used in gambling;When wagering on a straight wager (point spread or total), you lay a certain amount of money to win a smaller amount of money. The difference between what is wagered and what is won is called the 'Juice' or 'VIG'. This 'Juice' or 'VIG' is one of the ways a sports book makes its money. In football and basketball the 'Juice' (or 'VIG') is 10%. In other words, for every $110 wagered you will win $100. If you lose the wager, you lose $110. If you win the wager, you get the $110 'Juice' refunded to you, plus the $100 in winnings ($110 + $100 = $210 total paid back to your account).
1)joe, "Lucky Hands wants one over prime".
tony, "what?".
joe, "he wants 1 point over the vig"
2)joe, "i wonder what the vig is for the jay hawks, huskers game?"
vito, "10%"
by x February 01, 2004
 
3.
vig
interest paid on a loan
by Anonymous June 26, 2003
 
4.
Vig
The interest to a loan on the street or through a bookie. It is common to not pay back the principle but have to pay the "vig" or interest weekly to keep your legs intact. The interest paid in no way lowers the principle. This is why loans are given freely on the streets, as most people borrowing could most likely pay back the entire loan, but can usually come up with the vig every week. This also lets loan sharks get their "hooks into you" if you borrow this money, as you will probably be paying it far longer than expected and after you finally pay off the principle with the vig, you will have often paid more then double or triple of the total borrowed.
borrower - "the vig is killing me and at this rate i am never going to be able to save enough to get this paid off"

loan shark - "exactly. just keep these weekly payments coming or i will break your legs"
by ViG90 June 26, 2011
 
5.
vig
1)tribute to a mafia boss.
2)a percent expected to be paid back from a loan.
3)the juice or cut to be lost or refunded(by winning) in gambling.
1)"Fats" wants the vig by next monday.
2)that loan shark "Shorts" wants his full payment back soon.
3)the vig on the mets, sox game is 10%.
by x February 25, 2004
 
6.
Viper in the Grass. Typically used described a female neighbor who spreads gossip, likes to spy on what is happening next door or who is doing what, with the intent to burn an unexpected husband of a friend.
V.I.G. told my wife about the coversation she overhead me having with her husband.
by Bok Choy Jr. May 22, 2008
 
7.
Very Important Gossip. Term used in texts and IM and more recently showbiz magazines, and tabloid newspapers.
"OMG Shelly, come over here now! I have some V.I.G. for you!! So juicy I creamed my panties"
by Milosavich January 06, 2010