loan shark

noun

Definition of loan shark

: one who lends money to individuals at exorbitant rates of interest

Examples of loan shark in a Sentence

Recent Examples on the Web

Three Irish wiseguys, looking to go on their own as loan sharks, need cash to get started. Richard Brody, The New Yorker, "“The Kitchen,” Reviewed: An Engrossing Mob-Wife Drama That’s Relegated to a Table Read," 8 Aug. 2019 Police said Kelly admitted to operating a loan shark business. Cameron Knight, Cincinnati.com, "Police: North Avondale loan shark arrested in murder-for-hire plot," 22 July 2019 These algorithms could systematically deny credit access to certain groups, while also allowing payday lenders and loan sharks to target the most vulnerable consumers and lure them into debt traps. Sharon Wekwete, Quartz Africa, "As the continent digitizes rapidly, Africans need a bill of data rights to protect them online," 12 June 2019 Adal López, who ran Ooyala’s operations in Guadalajara, now runs Kueski, his own financial technology startup that provides small online loans—an alternative to both banks and loan sharks. Andrew Selee, Smithsonian, "How Guadalajara Reinvented Itself as a Technology Hub," 13 June 2018 By the early 1960s, DiFronzo was identified by Chicago police as an enforcer and collector for a loan shark gang on the West Side. Bob Goldsborough, chicagotribune.com, "Reputed Chicago Outfit boss John DiFronzo dies at 89," 30 May 2018 What kind of predatory loan shark of a dealer—25 percent every day? Anne Branigin, The Root, "Parents Big Mad Over High School Math Teacher’s Drug-Referencing Homework," 6 Feb. 2018 Democrats warned poor workers could go to street-level loan sharks if payday loans weren’t available, and said payday borrowers weren’t unaware of the costly interest rates. Gray Rohrer, OrlandoSentinel.com, "Lawmakers back longer, higher-interest payday loans," 18 Jan. 2018 There have been whispers of loan sharks and mafia connections and Continent -wide arrest warrants. Rory Smith, New York Times, "Michael Eisner Sketches a Happy Ending for Portsmouth F.C.," 11 Jan. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'loan shark.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of loan shark

1905, in the meaning defined above

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Statistics for loan shark

Last Updated

19 Aug 2019

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Time Traveler for loan shark

The first known use of loan shark was in 1905

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More Definitions for loan shark

loan shark

noun

English Language Learners Definition of loan shark

disapproving : someone who lends money to people and charges a very high rate of interest

Comments on loan shark

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