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.
Prices shown in USD.
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