Vig Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. TheAngryJerk • 2 yr. " Find the shark's vig. If I pay the vig every week the principle does not go up. A Gambino crime family associate was convicted of murder Tuesday for shooting his mob-tied loan shark friend twice in the back of the head at his Brooklyn home. So Patsy goes to Hesh and gets $10,000 to give the client. Otherwise fly to avarice if that fails. People are missing a key point that you have to pay the full amount back or you pay the vig each week. These are the “five-six” and the Sangla ATM. " Find the sharks vig. Loansharking (also known as usury) is defined as lending money at an interest rate that exceeds the allowable legal limit. After that, one might wonder what a typical vignette is. 00. This term and "illegal lender" are used in that sense in this article. Loansharking. hit to murder; also see whack. Will Fig Loans show up on my credit report? Yes, in order for Fig to report your payments,. We will try to find the right answer to this particular crossword clue. Vig is usually very high, or at least higher than the legal limit for interest. Unlike legitimate financial institutions, loan sharks do not follow the regulations set by the RBI. " Find the sharks vig. 15E. noun. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. I need a loan of R15000. Contents. Loan sharks have long operated on housing estates in poorer areas, but increasingly use social media to drum up business and threaten clients, says Ms Williams: "It means a loan shark based in. That fact gave Marco a large edge, tantamount to wiping out the house. ) $ (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. ) Round your answers to the nearest dollars A. Wiki User. 1)the interest payment on a loan paid back to the creditor by a certain percent. 25 in interest! Hell, where we come from, that’s vig. T-Shirts. 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. It may be misspelled. A loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. It’s the vig – the exorbitant interest mob loan sharks take on their money. Credit unions have both large and small loan options available to people who fit certain qualification requirements. Vigintillion. One point is 1% of the loan value or $1,000. 14th Edition. Find the shark's vig. How does a Fig Loan affect my credit score? One of the goals for a Fig Loan is to help you. We would like to show you a description here but the site won’t allow us. That’s one-hundred-and-eighty-nine percent interest! Using their loan example of a $2500 loan paid back over 12 months, you borrow $2500 and you pay back $11,901. ) Round your answers to the nearest dollars A. goombah: an associate, especially a senior member of a criminal gang. Young kid dosen't get it when its read from the book. A borrowing from Russian. Vigorish (also known as juice or the vig) is the fee charged by a. The specter of the loan shark is often conjured by advocates of price deregulation in the market for payday loans. ) $ 93 x (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. " Find the shark's vig. Vig. ) (b) In "street" language, the profit on such a loan is known as the "vigorish. [2] Judge Rumford Bland collects the vigorish in Thomas Wolfe’s novel, You Can’t Go Home Again. We have briefly discussed the implications of illegal and legal. LOAN ___ shark (usurer) Advertisement. The Fan -> Save freighter from loan sharks. Pillows. Bukan. com: Bankrate. a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. Loan shark vig. So you repay 13k in total over a 10 week term on a 10k loan. A loan shark lends you $70 at 2% compound interest per week (this is a weekly, not an annual rate). But all this. 2005, F. A. The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. About Us. Welcome to this game's version of the money-making mini-game. " K. ETYMOLOGY: Yiddish slang, from Russian vyigrysh, winnings : vy-, out; see ud- in Appendix I + igrat’, to play. By the 1940s, 31 states and the territory of Hawaii had enacted the law, helping put loan sharks out of business. " Find the shark's vig. Loan Sharks Gifts. 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. How much will you owe after 2 years? B. Conclusion. There are two main types of loan shark Philippines. Reginald Varley is a character in L. LENDER: Usurer LENDS: Plays usurer SLENDER: Second usurer was thin (7) Advertisement. Dollar Loan Center, Henderson, NV. Click the answer to find similar crossword clues . Loans approved and funded in as little as 30. 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. Interest rates to get a loan from payday advance starts from 27% per week. If I buy a house it would be in the $60,000 to $100,000. New comments cannot be posted and votes cannot be cast. This article is for subscribers only. - Young Turk: Mob term for a young defiant Mafia member. P. ”Synonyms for LOAN-SHARK: usurer, shylock, moneylender. " Find the shark's vig. Criminal -> Automatically can be lead into by one of the game starts. In “street” language, the profit on such a loan is known as the “vigorish” or. By the Numbers: How Loan Shark Interest Rates Compare. You can often apply for these online. ” In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4. A beautiful woman paid it with her body. The higher the vig, the more expensive the loan will be. gov. (Round your answers to the nearest dollar. If you need cash fast and don’t have the best credit, consider the following alternatives before borrowing from a loan shark. Synonyms. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. English (wikipedia vis) Etymology 1 From (etyl) vis. In season 2, the mermaid decides to set up house on the beach. LoanShark is a marketing platform that. LOAN SHARKS. $A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). (Vig is a mob term for interest on loans to a loan shark. The debts maintain a humble scale under the strict supervision of gold, and bankers can only bear the patience to eat loan interest. initiation or induction: becoming a made man. Enter the length or pattern for better results. FBoubacar Coulibaly Questionable. ) 2009 , Davinia Bostick, The Match , →ISBN , page 91 : Loan Shark: A person or entity that charges borrowers interest above an established legal rate. PERSONAL FINANCE: Interest A loan shark lends you $100 at 2% compound interest per week (this is a weekly, not an annual rate a. ” These unscrupulous individuals or groups prey on vulnerable individuals who are desperate for financial assistance. Not strictly about mob loan sharking, this is an extremely detailed history of how predatory lending works. (Round your answers to the nearest dollar. Me own father left me here in pawn, and never did redeem me. Save "I crunched the numbers until cautiously opportunistic. A Loan Shark is a stock villain who typically loans money at high interest rates and will stop at nothing to get it back. How much is vig on a loan? A vig is simply the interest that is charged on a loan. 2005 , Jeannette Walls , The Glass Castle [4] , published 2010 : Lori said it sounded outright felonious , but Dad said all he was doing was outsmarting the fat-cat bank owners who shylocked the common man by charging usurious interest rates. April 20, 2022. They also pressure people into borrowing more money from them to pay off their loan, burying borrowers deeper into debt. ) (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Conversely, a vig of +110 means a $100 wager will result in winnings of $110. It is interest a loan shark charges. permanent worker. Verb [edit] shylock (third-person singular simple present shylocks, present participle shylocking, simple past and past participle shylocked) (intransitive, US) To lend money at exorbitant rates of interest. ago. Interest from a loan shark is the "Vig" or "juice" as it was called. . 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. Finance House. In the world of lending, there are legitimate institutions that offer loans to those in need. He is a suspect in the Arson case The Gas Man. If you borrow $100k at 3 points then you pay $3k a week until you pay the £100k back in full. But the vig price they demand is downright criminal. A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). goomar or goomah: Americanized form of comare, a Mafia mistress . Board the. Loan shark. ca +1 (866) 989-9909. They had the best rate out of any other place. Loan sharks are also snaring victims by posing as friends who simply want to help out with cash loans before ramping up extortionate. 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. 2)short for "vigorish" used in gambling;When wagering on a straight wager (point spread or total), you lay a certain amount of money to win a smaller amount of money. These sharks provide quick cash to desperate. " Find the shark's vig. On your $1000 bet, he’d get $20 for his efforts. How much will you owe after 2 years? B. A charge taken on bets, as by a bookie or gambling establishment. The image of Jews as sharks has also been around for a long time. Loan shark. Loan-sharking victims were allegedly required to make weekly, high interest “vig” payments, either by directly paying individual defendants or by dropping off cash payments at two New Rochelle. Jaws feasts on multiple pounds. Loan Shark Hanne Jooker, known as the Loan Shark, was a merchant in The Bits district of Novigrad. Vigintillion. The S. How much is 2 points on a vig? A typical vig is two points, or 2\%. Find what the $24 would be worth in the year 2015 if it had. Payday lenders are frequently granted exceptions, charging up to. 100% Upvoted. they will change your due dates, let you skip a payment, aren’t assholes about your bad finances, etc. Thursday, 16 Jun 2022. The image of Jews as sharks has also been around for a long time. LOAN SHARK: Usurer Advertisement. initiation or induction: becoming a made man. I want to find private loan sharks near me; Loans from $500 to $10,000. heavy: packed, carrying a weapon. (Round your answers to the nearest dollar. In England, if you think a money lender is operating without being FCA authorised, you can speak in confidence to the Illegal Money Lending Hotline on 0300 555 2222. Chinese loan shark only do $700 each time with 19653. After extorting excessive payments and threatening violence against a debtor named Miranda and the debtor’s wife, Perez was arrested and charged under a federal statute that made. . "Supra note 9. [. ago. A loan shark lends you $80 at 3% compound interest per week (this is a weekly, not an annual rate). A loan shark person is a person who lends money at exorbitant interest rates and is an American expression first attested from the early 20th century. )(a) How much will you owe after 4 years? (Use 52 weeks per year. ☑ 5-6 loans – this is a kind of loan where you borrow five pesos and pay six. I would check them out. So finally the 3 months has come to an end, with his late payment and the added Vig he has paid you. View: Prints. " Ivan Ehlers. ( Vig is a mob term for interest on loans to a loan shark. ) Round your answers to the nearest dollars A. To tackle this problem, Sanders and Ocasio-Cortez introduced the Loan Shark Prevention Act in 2019. [1] Description The term Vig was initially used in the context of loan sharks or loans made at excessive interest rates. Conclusion About Loan Shark Harassment In SingaporeLoan shark vig. " Find the sharks vig. Despite these efforts, loan sharking are still rampant and many borrowers and their family members still fall victim to the physical, mental and emotional threats and violence of loan sharks. No-Vig Odds. 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. The higher the vig, the more money the lender makes. Vig is short for Vigorish. Repeat offenders can be punished by a $10,000 fine, one-year imprisonment, or both. With Paul Burke, Horace McMahon, Harry Bellaver, John Larch. Loan shark vig capped at 6 percent a year by government Lee Myung-soon, Financial Services Commission director general on consumer finance, center, announcing government measures against financial fraud with officials from other government departments, including the Justice Ministry, the police and the tax agency at the government complex in. 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. ) A commission, finder's fee, or similar extra charge. Pillows. The Crossword Solver found 30 answers to "like a loan shark", 6 letters crossword clue. 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. ) A commission, finder's fee, or similar extra charge. (Round your answers to the nearest dollar. " Find the shark's vig. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Her business, Ichiban Confections, is constantly in the red. " a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. A loan shark lends you $90 at 1% compound interest per week (this is a weekly, not an annual rate). Here in Ecuador, loan sharks- or as they’re called locally, chulcos or chulqueros- charge annual interest rates as high as 150 percent (and in the case of our chulco friends in Guayaquil, 791. Though the benefits do not overthrow the negatives, people choose to use it because sometimes it is the only way. If you answer yes to the above, signup now and start receiving offers on your loan request. We would like to show you a description here but the site won’t allow us. Consider the idea of Jewish loan sharks, raising the "vig", or Shylock desiring his pound of flesh. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. $ 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. Synonyms * vigorish * juice * overround ---- Share on Facebook; Share on Twitter; Share by Email;Find the shark's vig. If you do the calculation, you are paying 20% on your loan. A person who makes illegal loans, usually by charging an extraordinarily high interest rate. Aprender más. Points are the percentage you pay in interest on a loan ( aka the "vigorish" or "vig"). 36 likes. My name is , we located inA loan shark lends you $$ 100$ at $2 \%$ compound interest per week (this is a weekly, not an annual rate). For that payment to make sense, you need to benefit by more than $1,000. Consumers should avoid getting trapped in the shark tank this festive season and keep the provisions of the National Credit Act (“NCA”) in mind. We’ll help you learn to recognise the signs so that you can take action. ago. Vig is short for Vigorish. Meskipun arti harfiahnya begitu. In case of non-payment by the borrowers, loan sharks often threaten or harass them. How much will you owe after 2 years? B. Loan sharks by definition aren't regulated and don't follow clear procedures. All the. 1 Loan shark is a term commonly used to describe a moneylender who charges extremely high rates of interest, typically under illegal conditions. He may also have mob connections, as money-lending is a time-honored means for organized. As Black tells it, why the heck a mobster would ever want to take over a. When Scatino misses a weekly vig payment, the penalty is to double his principle - i. 11/14 vs LIU Sharks-1800: W 53-76: 11/12 vs Lafayette Leopards-505:. So you repay 13k in total over a 10 week term on a 10k loan. The weekly vig payment doesn’t increase unless you miss a payment. If you can’t make your full weekly interest payment ( the vig ) the amount your short gets added on to the principal. A loan with less strict credit checks will likely come with a greater risk in the form of high interest, penalties and extortionate fees, so it might be better to consider improving your credit. A seedy lawyer used somebody else’s money. More than 150 nude selfies of poor young women indebted to sleazy Chinese loan sharks have been leaked online. (Round your answers to the nearest dollar) (a) How much will you owe after 3 years? (Use 52 wecks per year. ) A commission, finder's fee, or similar extra charge. What is a loan shark’s vig also worth asking? What is the origin of the term “vigorish” or “vig” used by loan sharks?. The loan shark resorted to intimidation: she was sent threatening messages; people threw things at her house, left unwanted items on her doorstep and smashed the windows at night. Nearly 300 were arrested by the police for loan shark activities in early September. Now, in the city by the Bay, everyone has to pay…. Loan Sharking. Consider the idea of Jewish loan sharks, raising the "vig", or Shylock desiring his pound of flesh. Now, in the city by the Bay, everyone has to pay…. A payday lender can legally charge up to 400% interest in a year. )(b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Ah, but the lovely fish-girl’s best friend is a shark, a shark with a lot of muscle and who loves to sabotage the hyena’s every move. The loan shark may be only too eager to use violence if necessary, either to threaten borrowers, punish late payors, or set an example. China Is a Loan Shark With No Legs Left to Break Beijing’s conversion into a major creditor has upended international finance—and not in a good way. Historically, many. 2. Long before this, the figurative use of shark to describe a predatory person or predatory behaviour, was and still is Standard English, and dates from 1600s. Loan Shark, atau dalam bahasa Indonesia berarti rentenir/lintah darat, bisa berbentuk perorangan atau badan usaha yang fokus usahanya adalah memberikan pinjaman dana kepada orang lain atau usaha lainnya dengan. He said he was being stripped and. However, because humans love hyperbole, the term "loan shark" may be used to describe payday loan lenders - essentially the last legal resort for people who need cash - the idea is that if you borrow money from them, you don't need a credit check or anything like that, and they give you some high-ish percentage in a lump sum of what you would. 5 percent per day. hide. The court sentenced her to 51 months in. Security camera images recorded the moment Rosineide Lucas dos Santos, 41, leaves a pickup truck and goes towards the shooter’s car, which makes the shooting (watch above). Mugs. . Loan sharks are illegal moneylenders offering unsecured loans at extortionate rates of interest, reportedly up to 4 million%. A loan shark is an illegal lender that charges high interest rates and may use the threat of violence to collect debt. Or, you could shorten the amount of weeks he is paying it back to something that would more reasonably fit personal loan rates if you want to keep the $500 a week. As profitability fell following the change, loan sharks have also tightened their screening process. Payday loan companies such as Money Mart, Eazy Loans, and CashMax are examples of modern-day loan sharks. In American English, it can also refer to the interest owed a loanshark in consideration for credit. Junk (n. The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. goomar or goomah Americanized form of comare a Mafia mistress . Vig. 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. Vig Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. This crossword clue might have a different answer every time it appears on a new New York Times Puzzle, please read all the answers until you find the one that solves your clue. How much will you owe after 2 years? B. ) $ (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. (b)In "street" language, the profit. (Round your answers to the nearest dollar. " Find the shark's vig. Enter a Crossword Clue. Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. A unit of quantity equal to 10 63 (1 followed by 63 zeros). 00 $800. Loan shark Someone who issues loans with interest rates above the maximum legal level, often thought to come with threats from the lessor. The specific meaning of. Borrow like a Shark! Get loan offers directly from multiple Lenders on LoanShark. Investing History funny cartoons from CartoonStock directory - the world's largest on-line collection of cartoons and comics. China Is a Loan Shark With No Legs Left to Break Beijing’s conversion into a major creditor has upended international finance—and not in a good way. " 20 Jan 2023 13:18:02When choosing the best lender for a personal loan, you must first take into account the purpose of your loan. 2. Vigorish, or "vig", meaning the juice, or interest collected when a loan is paid back overdue. Takedown request | View complete answer on wordnik. 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. Financial Service . If the full payment with interest, is postmarked on the 180th day, you will retain ownership of. Lendmark's personal loan amounts can range from $500 to $25,000. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Tech-Fueled Microlenders Replace Loan Sharks as Thai Borrowing Swells. Points are accrued and paid weekly, 99% of the time. If calling isn’t for you, you can use Live Chat to talk to the Illegal Money Lending. Bankrate. In some cases, a loan shark may be connected to a criminal organization or might at least imply this to intimidate borrowers. Enter a Crossword Clue. In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4. Probably. 1. Loan sharks capitalize on this by promising clients with personal loans that don’t require documents and can be disbursed immediately. Loan-sharking victims were allegedly required to make weekly, high interest “vig” payments, either by directly paying individual defendants or by dropping off cash payments at two New Rochelle. The loan fund for these operations came from the proceeds of the numbers racket and was distributed by the top bosses to the lower echelon loan sharks at the rate of 1% or 2% a week. 5%, but I'll use my own situation as an example from here on. 1. Email: reportaloanshark@stoploansharks. Interest rates tend to be higher on small loans because the cost of "sharking" is the same regardless of the loan amount. Merchant Gender. This amount includes payment for the services of bank employees who, during cooperation with you as a borrower, help to sort out payments, answer your questions, and provide the necessary information. The investigation — known as “Operation The Vig Is Up” — involved the loan sharking, bookmaking of alleged Lucchese family members Ten people were. 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 term came to English usage via. Loan Shark Module Details this row only stops the spoiler from collapsing everything below it: and nothing more Profession. What does Vig mean in finance?. ). Loan sharks are loans expensive but come with their benefits. Houses where I live, Nebraska, are cheap compared to many other states and can get a decent 2–3 bedroom 1 bathroom house for $80,000. EBK CONTEMPORARY FINANCIAL MANAGEMENT. A typical loan shark interest rate is 20% or more per week. 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. In Scotland, you can report them through the Trading Standards Scotland website or. . What is the vig on a loan? It’s simply a slang term for the interest rate, or more precisely, the amount of money paid as interest on a loan. . This max loan amount is quite low for a personal loan lender and may prove to be insufficient for many potential borrowers. A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and operates outside off the street (outside of local authority). 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. Text: a report to 07860 022 116. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. Because they operate with smaller loans compared to banks and other. 1. In loan sharking, vigorish refers to the ridiculously high interest rates charged by predatory illegal lenders. It doesnt work that way. The Crossword Solver found 30 answers to "USURER", 5 letters crossword clue. Something went wrong. That is then their income stream. ) Narcotics. 1 Description; 2 Japan; 3 Ireland; 4 Israel; 5 Kazakhstan; 6 Malaysia and Singapore. 2. Takedown request View complete answer on nasdaq. On your $1000 bet, he’d get $20 for his efforts. All you need is a bundle of money, muscle, a degenerate gambler, prospective investor, drug addict or just a guy in need of money. In a surprisingly successful turn of events, Uncut Gems. Licensed Moneylenders: The Best Alternative to Loan Sharks. He may also have mob connections, as money-lending is a time-honored means for organized. If I lend you $10, I expect $10 back. Vig. ” In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4. He fled to Los Angeles before authorities linked him to the crime scene. goomar or goomah: Americanized form of comare, a Mafia mistress . The 50-year-old man. " Find the shark's vig. SoFlo Funding is the company you can trust for funds if you are in dire need of it. Some banks and legitimate money lenders can now process a loan. MAKE THE VIG , OR YOU WILL BE GETTING A CALL LIKE THIS ! | telephone callSeptember 18, 2023 at 2:23 p. Do loan sharks make a. Loan amounts from $1,000 to $15,000 + Apply online or at 100+ stores. Posted by FTPoor atDirected by Benny and Josh Safdie, the film follows Ratner (Adam Sandler), a charismatic and eccentric jeweler in the Big Apple's Diamond District, through a series of ill-conceived bets and a sea of ferocious loan sharks until he finally achieves what he always wanted: his big break. Vigintillion. Synonyms * vigorish * juice * overround ---- vis . The most common examples of a loan shark in the Philippines are 5-6 lenders, sangla ATM lenders and other informal lenders. My ex worked on the docks and used to borrow money from a guy name Mattie The Blade. The lawmakers claim this legislation will protect American consumers by forcing lenders to charge reasonable rates. Loan sharks are usually unauthorized, unregulated, and illegal business entities or individuals. And most customers are just to to struggle to pay the vig once a week Reply. A day after a group of loan shark victims signed a five-point agreement with the government to end their protests, another group of victims criticised the deal, arguing that it would only put them in more trouble. Thailand’s household debt has spiraled to almost equal the size of its $472 billion. We would like to show you a description here but the site won’t allow us. Slang for interest paid on a loan - usually a loan with higher than market interest rates, a so-called loan shark loan. (Round your answers to the nearest dollar. He makes his money on the “vig,” short for vigorish – his fee for placing the bet.