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 »

Top Q&A For: What is the definition of a loan shark

Definition of a Mezzanine Loan?

Mezzanine loans are a risky but potentially high-yield way for lenders to provide capital to established developers and business owners. For borrowers, the loans provide a source of capital for new... 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 »

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 »

Definition of a Jumbo Loan?

The purchase or refinance of an expensive home may require the use of a jumbo mortgage. The term jumbo mortgage refers to home loans that are larger than the typical mortgage loan size.