What is the definition of a loan shark?

Answer Loan sharks are individuals who lend money to people at extremely high and illegal rates of interest.HistoryThe practice of loan sharking has been around since biblical times and in America this un... Read More »

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What is a big shark that is known as a basking shark?

The basking shark (Cetorhinus maximus) is also known as the sunfish, sailfish, bone shark and elephant shark. The basking shark is the second-largest shark in the world, measuring 22 to 29 feet lon... Read More »

What is the definition of an unsecured loan?

An unsecured loan is a loan that is not backed by collateral. Instead, an unsecured loan is granted based on the credit standing of the borrower. Unsecured loans usually have higher interest rates ... Read More »

What is the definition of"pre-approval for a home loan"?

With a pre-approval for a home loan or mortgage, a bank or other mortgage lender reviews your income and credit scores and provides you with a maximum amount of money that the institution will lend... Read More »

Definition of a Nonperforming Loan?

Investors know there are two kinds of loans. These are performing loans and nonperforming loans. A performing loan generates income or profit whereas a nonperforming loan does not. In many cases, p... Read More »