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    Loan Sharking

    Concept »

    The illegal act of lending people money, usually at high interest rates. Loan sharks often target vulnerable people.

    Short summary describing this concept.

    Loan Sharking last edited by MelodicVirus on 12/05/24 07:41PM View full history

    The definition of a loan is something that is borrowed, especially a sum of money that is expected to be paid back with interest.

    Loan sharking is often associated with organized crime, especially the Mafia.

    Those who are unable to pay back the loan are generally threatened into paying up, robbed to make up for the debt, attacked or even killed for refusal to pay.

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