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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. In American English, it can also refer to the interest owed a loanshark in consideration for credit. The term came to English usage via Yiddish slang ( Yiddish: וויגריש ...
Usury. Usury ( / ˈjuːʒəri /) [ 1][ 2] is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law.
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [ 1] As a consistent or repeated illegal ...
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Card sharp. A card sharp (also card shark, sometimes hyphenated or spelled as a single word) is a person who uses skill and/or deception to win at card games (such as poker ). "Sharp" and "shark" spellings have varied over time and by region. The label is not always intended as pejorative, and is sometimes used to refer to practitioners of card ...
The process will generally involve taking out a new personal loan with a lower interest rate. Debt consolidation is one of the best options for credit card debt relief, and not just because of the ...
Microcredit is the extension of very small loans ( microloans) to impoverished borrowers who typically lack collateral, steady employment, and a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans.