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Vigorish
Vigorish
Vigorish
Vigorish
Vigorish
Vigorish
loan shark vigorish
loan shark vigorish
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loan shark vigorish : 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). 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.Vigorish, or simply the vig, also known as juice, under-juice, the cut or the take, is the amount charged by a bookmaker, or bookie, for taking a bet from a gambler. In the United States, it also means the interest on a shark's loan.Vigorish, or "vig", meaning the juice, or interest collected when a loan is paid back overdue. Vigorish, or "vig", meaning the juice, or interest collected when a loan is paid back overdue. ... Interest paid to a loan shark. There was so much vigorish on that loan that I knew my thumbs were headed for a breakup. by Cornholio September 29, 2003 ...His clients included wealthy women who possessed jewelry of great value, a fact which did not escape the loan shark. When it became apparent that the hairdresser could not meet his substantial vigorish payments, he was pressed into service as a "fingerman" for a burglary ring.December 4, 1964, Page 32 Buy Reprints The New York Times Archives. In the State Investigation Commission hearings on loan sharks, the term “vigorish” has been used by witnesses to refer to ...1)the interest payment on a loan paid back to the creditor by a certain percent. 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.The difference between what is wagered and what is won is called the 'Juice' or 'VIG'.vigorish (Noun) A charge taken on bets, as by a bookie or gambling establishment. vigorish (Noun) The interest on a loan of money, especially for loans made by a usurer or loan shark. vigorish (Noun) An amount owed on account of or payment of a bookie's charge or of interest. Origin: slang originating from the Russian .What is a "point" in loan-sharking slang? Update Cancel. a d b y C o d e F e l l o w s. Want to become a software developer in Seattle? At Code Fellows, you can graduate with two years of relevant industry experience in just 20 weeks. ... What is the range of interest rates that "loan sharks" typically charge? Where can I find a loan shark?It's just a slang term for interest rate, or more accurately, the amount of cash paid as interest on a loan. It derives from a term, vigorish, used by bookmakers (both legal and illegal) use to describe the percentage of the amount bet they take as profit.The vig is like your "tax" paid on a bet which goes to the bookie. For example, every $100 I would bet, I had a vig of $10. So if I bet $500 and lost that bet, I would owe $550. Trust me, when you don't win, the vigs add up quick! (US slang, crime) Interest from a loan shark's loan.
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