Loan Shark (Noun)
Meaning
Someone who lends money at excessive rates of interest.
Classification
Nouns denoting people.
Examples
- The loan shark demanded an outrageous 20% interest rate on the $500 loan, making it impossible for the borrower to repay.
- Desperate for cash, she turned to a loan shark who offered her a short-term loan with a usurious interest rate.
- The police were cracking down on loan sharks in the neighborhood who were preying on vulnerable residents.
- He was accused of being a loan shark, charging exorbitant interest rates to those who couldn't afford to pay.
- The loan shark's goons showed up at her doorstep, demanding payment of the debt plus interest, which had ballooned to twice the original amount.