💰 Lending at high rates 💰 To lend at high rates 💸 To overcharge

shylocking

1 9.9

Lending money at very high interest to trap people in debt

noun
/ˈʃaɪlɒkɪŋ/

Slur

: [término ofensivo para la práctica de cobrar intereses usurarios]

The local community is fighting against shylocking.

Examples

Community leaders spoke out against shylocking and urged people to seek safer financial help.
The authorities cracked down on shylocking in the city to protect vulnerable borrowers.
Many families fell into debt because of the shylocking practices in their neighborhood.
Many consider shylocking to be a predatory practice.
Many people fell into debt because of the shylocking practices of unscrupulous lenders.
The local community was hurt by the shylocking that targeted vulnerable families.
He was criticized for engaging in shylocking, charging exorbitant fees for his loans.

Synonyms

usury

vsshylocking

Specialized

10 9.8

To charge very high or illegal interest on loans

is the offensive slang label used for exploitative high-interest lending

loansharking

vsshylocking

NSFW

1 8.2

Lending money at very high interest rates and using threats or violence to collect debts

describes exploitative high-rate lending without implying threats or force

How Exploitative

loansharking

NSFW

1 8.2

shylocking

Slur

1 9.9

usury

Specialized

10 9.8

moneylending

1 3.5

Surface Forms

shylocking singular

shylockings plural

Morphology

shylocking = shylock (transparent) = shylock + ing

Formed productively from the verb 'shylock' with the gerund/participle suffix '-ing'; meaning is directly the practice or action of extorting/charging exorbitant rates (offensive).

Etymology

Shylocking comes from Shylock, a moneylender in Shakespeare's play 'The Merchant of Venice' who demanded very high interest. So, shylocking as a noun means lending at very high rates or taking unfair financial advantage, and the term is often seen as offensive.