Ad
related to: loan shark legal
Search results
Results from the WOW.Com Content Network
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
Usury (/ ˈ j uː ʒ ər i /) [1] [2] is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law.
An illegal loan shark who goes above legally permitted maximum interest rates is called yamikin, short for Yami Kinyu (闇金融, "Dark Finance"), and many of them lend at 10% for 10 days. Around 14 million people, or 10% of the Japanese population, have borrowed from a sarakin .
Attorney General Letitia James is seeking $1.4 billion in damages. New York sues loan shark group accused of charging Manhattan’s City Bakery and other small businesses ‘illegal’ rates of up ...
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or the vig) is the fee charged by a bookmaker for accepting a gambler's wager. In American English, it can also refer to the interest owed a loanshark in consideration for credit.
The lawsuit in Washington, D.C., federal court filed by the attorneys general of New Mexico and 13 other states alleges Trump has given Musk "unchecked legal authority" without authorization from ...
Ad
related to: loan shark legal