vigorish

WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

Definitions from WordNet

Noun vigorish has 2 senses

usury, vigorish - an exorbitant or unlawful rate of interest
--₁ is a kind of interest rate, rate of interest
rake-off, vigorish - a percentage (of winnings or loot or profit) taken by an operator or gangster
--₂ is a kind of cut

Definitions from the Web

vigorish

Part of Speech: noun

Senses:

1. (Gambling) The percentage charged by a bookmaker or house for accepting a bet.

2. (Finance) A high rate of interest, usually charged on a loan.

Popular Usages:

- Gamblers should be cautious of the vigorish charged by bookmakers, as it can significantly affect their winnings.

- The bank offered a loan with a 15% vigorish, which was much higher than other financial institutions.

Local Usages:

- In some local gambling circles, the vigorish is referred to as "the juice."

- The local lender imposes a steep vigorish on loans taken by small businesses.

Sample Sentences:

- The vigorish on this sports bet is 10%, so be prepared to lose a portion of your winnings.

- John was unaware of the high vigorish on his loan, which made it difficult for him to pay it off.

- The local gambling den has a reputation for charging exorbitant vigorish rates, making it unappealing for many gamblers.