Loansharking
(noun)
- The illegal activity of lending money at extremely high interest rates, often accompanied by threats or violent behavior.
- The practice of lending money at exorbitant rates of interest.
Origin:
It comes from the combination of the words "loan" and "sharking" which refers to the illegal activity of lending money at extremely high interest rates, often accompanied by threats or violent behavior.
Examples:
- The loansharking ring was breaking the law by charging high interest rates.
- Loansharking often involves the use of threats or violence.
- The loansharking operation was finally shut down by the police.
- The victims of loansharking were often too scared to speak out.
- Loansharking is considered a serious crime.