- Name
- Loan Sharking
- Aliases
Loan Sharking
The illegal act of lending people money, usually at high interest rates. Loan sharks often target vulnerable people.
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The definition of a loan is something that is borrowed, especially a sum of money that is expected to be paid back with interest. Loan sharking is often associated with organized crime, especially the Mafia. Those who are unable to pay back the loan are generally threatened into paying up, robbed to make up for the debt, attacked or even killed for refusal to pay.
