Informal the practice of lending money at exorbitant or illegal interest rates
- Present participle of loanshark. (Committing crimes as a loan shark, committing usury (loaning money at excessive rate of interest) especially when collecting under threat of violence.)
- Present participle of loan shark.
- Alternative spelling of loansharking.
loan-sharking - Legal Definition
The illegal business of lending money at usurious rates, typically with the threat or use of violence to ensure repayment.