loan shark

Meaning: an unauthorised moneylender who charges very high interest rates

For example:

  • It's usually poor people who have to borrow from loan sharks because banks won't give them loans.

  • Pierre had to go to hospital after he was beaten up because he didn't pay money back to a loan shark in time.

Quick Quiz:

People go to a loan shark when they need to

a. get a shark

b. get a beating

c. get a loan

Slang of the Day

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Contributor: Matt Errey