The specific meaning of. goombah: an associate, especially a senior member of a criminal gang. While 12. Although these lenders may initially seem friendly, they can take advantage of borrowers and put them into debt cycles that are. Using a market maker sportsbook, this is what the line would be if. ago. If you take out a loan from a loan shark, expect to pay interest, and probably a lot of it. LOAN SHARK: Usurer Advertisement. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Me own father left me here in pawn, and never did redeem me. What’s another word for loan shark? In this page you can discover 3 synonyms, antonyms, idiomatic expressions, and related words for loan-shark, like: usurer, moneylender and. What does vig mean in numbers? Loan Sharking runs along side gambling, and often a bookie or a card sharp is also a Loan Shark, or Shylock. People are missing a key point that you have to pay the full amount back or you pay the vig each week. )(a) How much will you owe after 4 years? (Use 52 weeks per year. (Round your answers to the nearest dollar. So if you take out a loan from payday advance you will have to pay $127. Synonyms. 11/14 vs LIU Sharks-1800: W 53-76: 11/12 vs Lafayette Leopards-505: L 78-79: 11/09 at UC Davis Aggies +300: L 71-84:. Vig definition: . . ) Kill. The vig on a typical loan shark loan far exceeds interest rates offered by legal, regulated lenders. The weekly vig payment doesn’t increase unless you miss a payment. The term usually refers to illegal activity, but may also refer to predatory lending with extremely high interest rates such as payday or title loans. My name is , we located inLoan sharks vig. Instant. they will change your due dates, let you skip a payment, aren’t assholes about your bad finances, etc. I've borrowed before from loan shark, this is how it works: Interest and points are essentially the same with some small differences. If someone asks, “What’s the vig on the loan?” what they are really asking is, “How much money are you paying in interest for your loan?” In a world like The Sopranos, however, where loan sharks are. As the real Frank Sheeran explains in the book. These loans often come. For example, if you were to obtain a Merchant Cash Advance (MCA) of $40,000, you may be presented with a payment breakdown of $16,000 in interest and fees (aka a factor rate of 1. You pay one of two things, the weeks vig or the principle in full. The loan shark’s twenty per cent weekly interest rate. Vig. ” In 2009, online payday loans increased by 20% in the UK due to many people not having access to any form of credit, and some banks have even started lending money without interest rates. A loan shark lends you $70 at 2% compound interest per week (this is a weekly, not an annual rate). Loan sharks also add fees whenever they like. TIL that "vig" as used to describe the fees charged by loan sharks and gambling operators, is actually an abbreviation of the original word, which is "vigorish. 1959: R. Vigorish (also known as juice or the vig) is the fee charged by a. Two points would be two percent of the loan amount, or $2,000. $a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. The one thing every stupid bookie and loan shark can absolutely do is calculate interest. We will try to find the right answer to this particular crossword clue. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. hit: to murder; also see whack. a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. LoanShark is a marketing platform that. 6. Money Line Open Line Heritage Bovada BetOnline YouWager SportsBetting Best Line. Some multiple reports and studies researched the implications of loan sharks on the rest of the economy. As every fan of The Sopranos knows, the vig is the interest on a shark's loan. As every fan of The Sopranos knows, the vig is the interest on a shark's loan. So with loan Sharking in the show, say you take out a $60,000 loan at 2 points (percent) so you pay $1,200 a week until you pay pack the $60,000 but, my question is do you just pay back $60,000 and the idea is you can’t pay $1,200 a week so it gets tacked on making it $61,200 I have to pay back, so the new vig is $1,224 and I miss so many payments. All you need is a bundle of money, muscle, a degenerate gambler, prospective investor, drug addict or just a guy in need of money. 36 likes. A vig refers to the interest that is charged on a loan. Vig Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. Takedown request | View complete answer on wordnik. BUY. Loan sharks may demand collateral like ATM cards and government-issued IDs. Jaws feasts on multiple pounds. See moreBy the Numbers: How Loan Shark Interest Rates Compare. It comes from the word vigorish, which is used by bookmakers (both legal and illegal) to describe the percentage of the bet they take as profit. $ 1031 XLearn from my mistakes”””” What mistake did I make”” “” Which company is better than others to get bad credit auto loan? looking for auto loan but have credit problems. The Fast Cash Needed website claims some loan sharks charge rates as high as 1. When people are strapped for cash, they may resort to borrowing from unlicensed lenders. EBK CONTEMPORARY FINANCIAL MANAGEMENT. A loan shark lends you $90 at 2% compound interest per week (this is a weekly, not an annual rate). com. Template:Page neededTemplate:Page. 36 likes. For example, a loan shark may lend $1000 at a 2000% annualized interest rate, which is against the law in most states. This article is for subscribers only. The way the loan shark makes a living is by placing interest on the loan, also known as the “vig” or vigorous. Depending on where a person lives, lenders typically cannot charge more than 60% interest per annum. The "vig" or profit made on sports bookmaking or loansharking activities. The Blade charged a 5% vig per week on the balanced owed. " Find the sharks vig. I’ve never heard of anything like this. Down-and-out-lawyer Rusty Ingraham left behind a murdered woman and a houseboat splattered with blood. 5%A woman was shot dead at a gas station in Anápolis, 55km from Goiânia. Loan sharks are not financial institutions; they often "collateralize" their loans with threats of violence. All the. This is how banks and lenders make money off of loans. Jonathan Lewis: The Microfinance Vig 2010. A loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. This term and "illegal lender" are used in that sense in this article. ” A juice loan is “a loan at usurious interest rates, normally made by organised criminals,” while vigorish, or vig, is “a charge taken on bets, as by a bookie or gambling establishment,” or “interest, especially excessive interest, paid to a moneylender. 2. What is the vig on a loan? - Quora. goombah: an associate, especially a senior member of a criminal gang. So. The “vig” is a synonym of vigorish, “interest from a loan, as from a loan shark”. High interest rates make it difficult to. Loan Sharks is the first history of predatory lending in the United States. initiation or induction: becoming a made man. ”a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. If I take a 50k loan at 2 points the vig is $1000 a week. About See All. 99%. A vig refers to the interest that is charged on a loan. Loan Shark Alternatives. " Mike Baldwin. What Is A Point In Loan Shark? On: July 7, 2022 Asked by: Cathryn Smitham Each point equals one percent of the loan amount. Loan sharks lure unsuspecting victims by promising to lend them high amounts of money under seemingly unbelievable terms. Financial serviceThese meanings may be due to “money’s ‘lubricant’ properties. Family troublemakers (122) One of the drawbacks of borrowing from parents or family members is that such loans are. We can help you with funding but you’d have to wait for about 14 to 21 days for you to get the funds. After that, one might wonder what a typical vignette is. More than 150 nude selfies of poor young women indebted to sleazy Chinese loan sharks have been leaked online. You pay one of two things, the weeks vig or the principle in full. A payday lender can legally charge up to 400% interest in a year. - Young Turk: Mob term for a young defiant Mafia member. Payday loan companies such as Money Mart, Eazy Loans, and CashMax are examples of modern-day loan sharks. The article again quotes from the Attorney General's report as. 2. Save "I crunched the numbers until cautiously opportunistic. These are the “five-six” and the Sangla ATM. T/F Installment sales credit is a loan that allows you to receive high-priced items, such as large appliances or furniture. ) A commission, finder's fee, or similar extra charge. He makes his money on the “vig,” short for vigorish – his fee for placing the bet. interest rates pillows loan sharks prints bank pillows borrowing presents loans prints loansharks prints loan presents loanshark t-shirts debt gifts bank loan prints. A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). 1 Typically they provide little or no paperwork or information such as the true level of interest or amount owed, unilaterally increase the debt, impose penalties, retain critically personal documents such as. It’s basically an “interest only” loan, the payments are purely the vig every week and you just keep paying until you have the principal and can repay it in full. can in fact math. Consider the idea of Jewish loan sharks, raising the "vig", or Shylock desiring his pound of flesh. What is the vig in sports betting? Quite simply, the vig, vigorish, or juice, is the house edge. 5%. It is a term also used. How much will you owe after 2 years? B. If you answer yes to the above, signup now and start receiving offers on your loan request. By the 1940s, 31 states and the territory of Hawaii had enacted the law, helping put loan sharks out of business. It seems to have originated among Yiddish speakers in New York City in the late 19th century, probably deriving from a similar-sounding Russian word. In February last year, Mombasa resident Dennis Mwanyanje applied for a Sh20,000 loan from Canva Trading Kenya Ltd, a small microfinance institution. He would loan money to individuals and then extort excessive payments back from his debtors through threats of violence. ) 2009 , Davinia Bostick, The Match , →ISBN , page 91 : Loan Shark: A person or entity that charges borrowers interest above an established legal rate. We’ll help you learn to recognise the signs so that you can take action. Contact us today and find out how. In American English, it can also refer to the interest owed a loanshark in consideration for credit. What did the vig used to be? The mid-century modern building, formerly an Arizona Bank, was built in the 1960s and designed by famed Phoenix architect Ralph Haver. Someone who lends money at excessive rates of interestLoan sharks vig. ) Round your answers to the nearest dollars A. Consider these average annual percentage rates (APRs): Loan Shark Vig – Over 500% APR [10] Payday Loans – 500% APR [11] Credit Cards – 15% to 20% APR [12] Personal Bank Loans – 9% to. One convicted loan shark used an influencer to attract victims. so andrew lives in canada and he inquired in regards to finding loan sharks in canada, and his reason for needing a loan makes sense if you look at the data below. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. “Vig” is short for vigorish, aka juice. juice: the interest paid to a loan shark for the loan; also see vig. Each point is 5%, so in this case Nicky is asking for a 15% return in addition to the owing principle. Known as “Operation The Vig Is Up," the long-term investigation involved the alleged loan sharking and bookmaking activities of Lucchese “made member” Dominick Capelli, 61, of New Rochelle. 100% Upvoted. 63 The shark's vig is approximately $2,585. Loan Sharking. What does vig mean to a loan shark? Vig. Take out your loan for a 30-day test drive + Get pre-approved in 3 minutes. Loan sharks sometimes enforce repayment by blackmail or threats of violence. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. Save "I just need to borrow enough money to pay my bankruptcy lawyers. " Find the shark's vig. Some banks and legitimate money lenders can now process a loan. goombah an associate especially a senior member of a criminal gang. A loan shark is a person or company that offers loans at very high interest rates and uses blackmail and threats to collect debts. Loan sharks are not financial institutions; indeed they often "collateralize" their loans with threats of violence. (Vig is a mob term for interest on loans to a loan shark. 1 Fullerton Credit offers you the best fast-cash loans with flexible rates and regulated terms. They also pressure people into borrowing more money from them to pay off their loan, burying borrowers deeper into debt. ☑ 5-6 loans – this is a kind of loan where you borrow five pesos and pay six. A loan shark lends you $90 at 2% compound interest per week (this is a weekly, not an annual rate). The underreported nature of the illegal loan sector makes it impossible to accurately gauge the number of people and sums involved. " Find the shark's vig. If you do the calculation, you are paying 20% on your loan. 2)short for "vigorish" used in gambling;When wagering on a. Dollar Loan Center, Henderson, NV. Written by: Alyssa Divina | Edited by: Karla Maolen Visbal. " Find the sharks vig. In some cases, interest and fees can equal the amount you borrow. Why do loan sharks call it a vig? Authorities on underworld slang believe that “vigorish,” usually contracted to “Vig. 00. Loans approved and funded in as little as 30. Conclusion About Loan Shark Harassment In SingaporeLoan shark vig. (Round your answers to the nearest dollar. However, they’ve forgotten that the 15% interest is compounded. PAYDAY ADVANCE. [2] Judge Rumford Bland collects the vigorish in Thomas Wolfe’s novel, You Can’t Go Home Again. What is a typical loan shark vig? In the State Investigation Commission hearings on loan sharks, the term “vigorish” has been used by witnesses to refer to the exorbitant interest exacted by the usurers. The image of Jews as sharks has also been around for a long time. (Vig is a mob term for interest on loans to a loan shark. Loan Sharks Advertise Through SMS, Flyers And E-mails. He said he was being stripped and. Loan sharks are illegal moneylenders offering unsecured loans at extortionate rates of interest, reportedly up to 4 million%. loan shark Significado, definición, qué es loan shark: 1. All you need is a bundle of money, muscle, a degenerate gambler, prospective investor, drug addict or just a guy in need of money. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Noun (vires)Get Shorty is a 1995 American gangster comedy film directed by Barry Sonnenfeld and written by Scott Frank, based on Elmore Leonard's novel of the same name. My ex worked on the docks and used to borrow money from a guy name Mattie The Blade. For example, one point on a. It’s 10k broken down to 10 payments for 1000 each with a 30% or 3 point vig of 300 or 1300 a week. ) $ (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. (slang) Interest from a loan shark's loan. True (121). The terminology changes, but it's usually the same kinda stuff. m. It is a term also used by gamblers to refer to the advantages in betting odds that the bookmaker takes for himself. ) $ (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Jaws feasts on multiple pounds. ] loved Marco. Down-and-out-lawyer Rusty Ingraham left behind a murdered woman and a houseboat. Each point is 5%, so in this case Nicky is asking for a 15% return in addition to the owing principle. We would like to show you a description here but the site won’t allow us. Loan sharks sometimes loan large amounts of money, but more often, they lend modest amounts. This can be a fixed rate or a variable rate, depending on the terms of the loan. What is vig slang for? / (vɪɡ) / Save This Word! noun. permanent worker. a. 1. In American English, it can also refer to the interest owed a loanshark in consideration for credit. Payday alternative loans (PALs). Minh Quang Tran pleaded guilty. The client now owe's Patsy $10,000 plus interest, or "vig", which is the reason loan sharks do what they do. Search Clue:A loan origination fee is an amount you pay for servicing your credit card or mortgage and providing other services by your bank. Varley previously lived in Detroit where he committed an act of murder by shooting a loan shark who was squeezing his brother for the vig. How much will you owe after 2 years? B. See:. Vig - Vigorish: Origin: Probably of multiple origins. It’s 10k broken down to 10 payments for 1000 each with a 30% or 3 point vig of 300 or 1300 a week. 2. To use the, perhaps, unfortunate analogy of a bookmaker, the typical ways to charge 10 percent extra on a losing bet called vig or vigorish. Conversely, a vig of +110 means a $100 wager will result in winnings of $110. Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or simply the vig) is. Please lmk if anyone can make it happen. a person who…. TL;DR - the thing that makes a mob loan a particularly "bad idea" is that the vig is interest-only, rendering the "interest rate" to somewhere north of 100% on every dollar borrowed. initiation or induction: becoming a made man. Points are accrued and paid weekly, 99% of the time. There are several ways to describe the vigorish. Then, in March 2021, everything got more serious – he told her he had been taken hostage by loan sharks and was being tortured. No-Vig Odds. " Find the shark's vig. Lenders in San Antonio take into account several factors, such as credit score, income and loan duration. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Probably also partly a borrowing from Yiddish. (Round your answers to the nearest dollar. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. )Julia Kagan Updated November 07, 2023 Reviewed by Charles Potters What Is a Loan Shark? A loan shark is a person who—or an entity that—loans money at extremely high interest rates and often. ). " Find the shark's vig. Loan Shark là gì? Bên cho vay, không phải là các định chế tài chính được quy định thực hiện kinh doanh cho vay tiền với lãi suất cao hơn lãi suất được pháp luật cho phép. 63 - $100 Vig ≈ $2,585. But all this. ) (a) How much will you owe after 2 years? (Use 52 weeks per year. [High risk borrowers (who had been late on payments previously) had to agree to more vig on their loan. '' is a corruption of the word “vigor. Young kid dosen't get it when its read from the book. Thailand’s household debt has spiraled to almost equal the size of its $472 billion. Takedown request View complete answer on nasdaq. Vigorish, or "vig", meaning the juice, or interest collected when a loan is paid back overdue. If you take out a loan from a loan shark, expect to pay interest, and probably a lot of it. The most common examples of a loan shark in the Philippines are 5-6 lenders, sangla ATM lenders and other informal lenders. Loan Shark bukanlah ikan Hiu yang hobi memberikan pinjaman. Now, in the city by the Bay, everyone has to pay…. A loan shark is a person or body that offers illegal unsecured loan s at high interest rate s to individuals, often backed by blackmail or threats of violence. Loan shark. 75 while still being a cleaner number to remember. The rate quoted is how much of the principal you pay in interest, assuming you stick to a payment schedule. ) (a) How much will you owe after 3 years? (Use 52 weeks per year. What is a vig loan? Financial Terms By: v. A seedy lawyer used somebody else’s money. WAY more. $A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). How does a Fig Loan affect my credit score? One of the goals for a Fig Loan is to help you. Glossary of Mafia-related words – Wikipedia. report. Criminal -> Automatically can be lead into by one of the game starts. In chapter 5, the group will meet Kamataki Eri outside Otohime Land. TheseLoan Sharking is a business in the Empire Building feature of Grand Theft Auto: Vice City Stories. Find the shark's vig. a. , in 1993, has been a longtime friend and supporter of Mr. Loan sharks vig. ”Synonyms for LOAN-SHARK: usurer, shylock, moneylender. What is a Fig Loan? A Fig Loan is an installment loan, meaning it's. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. This is an incredibly high interest rate. Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. In the world of lending, there exists a clandestine and dangerous underbelly that preys on vulnerable individuals in dire need of quick cash. Forgiving debt is REALLY forgiving interest (or the loan shark “vig” Let it go! 25 Aug 2022 03:42:59Mortgage Government Loans. What does vig mean to a loan shark? Vig. Vig. (Vig is a mob term for interest on loans to a loan shark. How much will you owe after 3 years? b. Bankrate. heavy: packed, carrying a weapon. In “street” language, the profit on such a loan is known as the “vigorish” or. All this comes to a head after a beautiful woman is forced to pay off a loan with her body, and a sleazy lawyer takes somebody else’s money to pay his. A loan shark lends you $80 at 2% compound interest per week (this is a weekly, not an annual rate). Lione, The Crossroads, Midtown Blue Book #2, page 100, The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. He may also have mob connections, as money-lending is a time-honored means for organized. gov. ) Round your answers to the nearest dollars A. ) Round your answers to the nearest dollars A. 63. With licensed moneylenders, your rights have full protection and have enough leeway to deal with your responsibilities at all times. Vig is short for Vigorish. Male Race. The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. There’s way more people who take out these loans than you think. Pillows. An emotional scrap dealer wants to purchase a ship bound for salvage, but he needs at least $3000. Otherwise have illegal items on you (such as spacefly eggs) and enter Windfall. (June 2018) A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and generally operates outside the law. Loan shark. Lendmark's personal loan amounts can range from $500 to $25,000. But the vig was a shocking 27% per month and many of the young women quickly fell. Nah this is wrong bro it only compounds if you miss the vig. View: Prints. ) (b) In "street" language, the profit on such a loan is known as the "Vigorish or the "vig. No Reported Injuries. In Scotland, you can report them through the Trading Standards Scotland website or. Reminded me of The Wire and an episode in the first season. 21 people like this. $a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. A loan shark lends you $70 at 1% compound interest per week (this is a weekly, not an annual rate). 00 $800. share. Payday lenders are frequently granted exceptions, charging up to. On the other hand, payday lenders usually opt for the ethical way by complaining against the defaulters in the credit bureaus. A Loan Shark is a stock villain who typically loans money at high interest rates and will stop at nothing to get it back. T-Shirts. For people of low to moderate income and verifiable with pay stub, taxes and W-2. The company says it is now the country’s third-largest payday-lending chain, with 1,100 stores in 30 states. USURER. In loan sharking, vigorish refers to the ridiculously high interest rates charged by predatory illegal lenders. ). Find the shark's vig. ETYMOLOGY: Yiddish slang, from Russian vyigrysh, winnings : vy-, out; see ud- in Appendix I + igrat’, to play. For example, if you were to obtain a Merchant Cash Advance (MCA) of $40,000, you may be presented with a payment breakdown of $16,000 in interest and fees (aka a factor rate of 1. People are missing a key point that you have to pay the full amount back or you pay the vig each week. Words Ending With. standard usury laws in each state typically set the maximum interest rates that a lender can charge, which can range from 45% to 45%. 21 likes. 8 percent in. The image of Jews as sharks has also been around for a long time. ” These unscrupulous individuals or groups prey on vulnerable individuals who are desperate for financial assistance. There's no paying $10k taking the principle down to 90k. Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. For that payment to make sense, you need to benefit by more than $1,000. LENDER: Usurer LENDS: Plays usurer SLENDER: Second usurer was thin (7) Advertisement. According to the algorithm behind Urban Thesaurus, the top 5 slang words for "loan shark" are: racketeer, vigorish, credit card, vig, and loan rat. The goal of every sportsbook is to set lines that draw an equal amount of action to either side of a bet. Loan shark. Vigicrues : Carte de vigilance crues nationale. It is also called shy. Text: a report to 07860 022 116. Furthermore, credit unions are nonprofit organizations, meaning they are more likely to cater to borrowers’ needs. This is a “more reasonable” (but still pretty high) interest rate of 19. goomar or goomah Americanized form of comare a Mafia mistress . If the customer fails to pay the vig that week, the Soldier still has to dip into his own pocket to pay the $100 he owes his skipper. The image of Jews as sharks has also been around for a long time. A loan shark is a person or body that offers loans at extremely high interest rates. Maximum finance charge: $15. Note that due to the nature of the algorithm, some results returned by your query may only be concepts, ideas or words that. When you're building this racket, these are the choices: Small-time: $2000. The higher the vig, the more expensive the loan will be. [1] Description The term Vig was initially used in the context of loan sharks or loans made at excessive interest rates. But he has to pay the vig and the full amount of the principle: unlike a real loan, none of the interest payment(s) are applied to the principle amount. Otherwise have illegal items on you (such as spacefly eggs) and enter Windfall. Vigintillion. MAKE THE VIG , OR YOU WILL BE GETTING A CALL LIKE THIS ! | telephone callSeptember 18, 2023 at 2:23 p. uk or text loan shark and your message to 60003. interest rate interest rates excessive high interest rate high interest rates extortion extortionate rate extortionate rates vig vigorish gambler gamblers gambling loan loans bank loan bank loans greed greedy greediness take out a loan taking. So on the 60k at 2 points you’d be paying $1,200 a week, every week - until you settle the principal in full. Vigorish. . Borrow like a Shark! Get loan offers directly from multiple Lenders on LoanShark. Points aren't always in round numbers, and your lender might offer several options. How much is vig on a loan? A vig is simply the interest that is charged on a loan. And most customers are just to to struggle to pay the vig once a week Reply. If you can’t make your full weekly interest payment ( the vig ) the amount your short gets added on to the principal. These sharks provide quick cash to desperate borrowers who can‘t access funds from proper institutions. Financial Service. The timing is impeccable. Here are 6 ways to differentiate loan sharks in Singapore from licensed moneylenders, so that you can avoid falling prey to them. No-Vig Odds. ) $ 226 X (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. (Loan-shark racket) Principal and a week’s interest on a loan, plus the interest compounded on the entire debt. Thus, question arises if the present regulatory approach itself is effective and efficient in protecting the interest of the money lending borrowers. Synonyms * vigorish * juice * overround ---- Share on Facebook; Share on Twitter; Share by Email;Find the shark's vig. Vigintillion. ) A commission, finder's fee, or similar extra charge. Video of the Day. In loan sharking, vigorish refers to the ridiculously high interest rates charged by predatory illegal lenders. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. The court sentenced her to 51 months in.