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Definitions from the Web

Term: loanshark

Description:

A loanshark is an individual or organization that offers loans at extremely high interest rates, often using illegal or unethical methods to collect repayment. They typically target individuals who are unable to secure loans through traditional financial institutions.

Senses:

Noun:

1. A person or organization that provides loans at exorbitant interest rates.

Example Sentence: The loanshark charged an interest rate of 300% on the borrowed amount.

2. An illegal money lender who employs aggressive tactics to collect repayments.

Example Sentence: The loanshark threatened the borrower with physical harm when he couldn't repay the loan on time.

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