Meaning of the word "loan shark" in English

What does "loan shark" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

loan shark

US /ˈloʊn ˌʃɑːrk/
UK /ˈloʊn ˌʃɑːrk/
"loan shark" picture

Noun

1.

a person who lends money at illegally high rates of interest

Example:
He got into trouble with a loan shark after failing to repay his debt.
Dealing with loan sharks can lead to dangerous consequences.
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