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Loan Sharking Meaning In Bengali
Loan Sharking শব্দের বাংলা অর্থ কি: কুসীদ
Loan Sharking
কুসীদ কুসীদবৃত্তি
Definition
1) The practice of lending money to individuals at exorbitantly high interest rates, often using intimidation or threats to ensure repayment.
2) A form of predatory lending where individuals or organized crime groups provide loans to borrowers who are unable to obtain credit from traditional financial institutions, and then use extortionate tactics to collect payments.
3) An illegal and exploitative practice of lending money to individuals in desperate need, typically with unreasonably high interest rates and aggressive collection methods.
Examples
Loan Sharking Example in a sentence
1) Loan sharking is an illegal practice where lenders charge exorbitant and often unethical interest rates.
2) The loan sharking industry preys on vulnerable individuals in need of quick cash.
3) Many people fall into a cycle of debt due to borrowing money from loan sharks.
4) Loan sharking thrives in communities where traditional financial institutions may not be easily accessible.
5) Law enforcement is cracking down on loan sharking activities to protect consumers from exploitation.
6) Victims of loan sharking often suffer from threats and intimidation if they are unable to make their payments.
7) Loan sharking puts borrowers at risk of losing assets or facing physical harm if they fail to pay back the borrowed money.
8) It is important for individuals to be cautious and avoid getting involved with loan sharking to protect their financial well-being.
9) Citizens are encouraged to report any suspicious loan sharking activities to the authorities to prevent further exploitation.
10) Organizations dedicated to financial literacy aim to educate the public on the dangers of loan sharking and provide alternatives for obtaining loans responsibly.
Synonyms
Interest , Usury , Gombeen , Loansharking - (NOUN) কুসীদ
Usury , Gombeen , Loansharking , Interest - (NOUN) কুসীদবৃত্তি
Encyclopedia
The practice of lending money to individuals at exorbitantly high interest rates, often using intimidation or threats to ensure repayment.
A form of predatory lending where individuals or organized crime groups provide loans to borrowers who are unable to obtain credit from traditional financial institutions, and then use extortionate tactics to collect payments.
An illegal and exploitative practice of lending money to individuals in desperate need, typically with unreasonably high interest rates and aggressive collection methods.
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