A group who loans out large sums of money with a huge amount of interest slapped on it; usually run by a mafia faction. If and when the recipient doesn't pay up, they proceed to kill or maim him/his family.
by Rubee July 18, 2004
by The Truthteller July 17, 2004
A person who loans money at very high interest rate, upwards of 10% a week, and will break your legs if you dont repay in time. Usually large amounts of cash under the table type of transactions
by Gongo July 19, 2004
Illegal lender. Street banker. Knee-breaker. A payday lender who breaks your legs instead of garnishing your wages if you miss a payment. A loan shark is usually a member of organized crime & commonly acts as a bookie as well. Loan sharks use the threat of intimidation and/or violence for non-payment. The interest, called the juice, or the vig— (short for vigorish) — is paid at least weekly and is very high; usually from 500%-1000%. A loan shark is highly incentivized to not let a penny go unpaid, as his entire business model relies entirely on his reputation for collecting. If he’s any good, he doesn’t want to chase you down, threaten you, harass you or hurt you, but he would rather chase you all the way to hell than let word get out that repayment is optional. John Travolta played loan shark Chili Palmer in the 1995 critical/box office success “Get Shorty” based on the book by Elmore Leonard and starring Renee Russo, Gene Hackman, Danny DiVito, Bette Midler and a pre-Sopranos James Gandolfini
by kloudz_gurl August 05, 2019
One who lends money at exorbitant interest rates, especially one financed and supported by an organized crime network.
loan shark
by AlanTuring0 February 07, 2014
A private individual who will, normally at grossly inflated interest rates, lend a person money. Repayment is compulsory or injury may occur. Commonly attributed to the criminal underworld
Person #1: Could I borrow a grand off you, I swear I'll pay it back.
Loan Shark: Oh, you will, believe me you will.
Loan Shark: Oh, you will, believe me you will.
by Lazlo Woodbine July 24, 2004
A guy who will lend you money when no one else will, but extort you in interest and totally kick your ass if you don't pay.
by T. Tan July 22, 2004
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