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loansharking

or loan-shark·ing

[ lohn-shahr-king ]

noun

  1. the practice of lending money at excessive rates of interest.

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Word History and Origins

Origin of loansharking1

An Americanism dating back to 1965–70; loan shark + -ing 1

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Example Sentences

Mafia icon John Gotti’s 1992 conviction came, in part, from loansharking.

From TIme

She believed he made his money from illegal gambling and maybe loansharking.

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