Ví dụ, khoản vay $5 phải trả lại $6 vào ngày thứ hai - lãi suất. Jonathan Lewis: The Microfinance Vig 2010. Vigicrues : Carte de vigilance crues nationale. They will lend large sums of money with the intention of gaining high levels of interest in a short time. Asked by: Cathryn Smitham. debt mortgages loan sharks loanshark loansharks loan shark mortgage loans lending money borrowing. Criminal -> Automatically can be lead into by one of the game starts. A 50-year-old Quincy woman alleged to have been acting as an illegal “loan shark” on the floor of Encore Boston Harbor Casino is now facing charges. . ] Vigerage-and. (Round your answers to the nearest dollar. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Here are the possible solutions for "Loan shark" clue. When people are strapped for cash, they may resort to borrowing from unlicensed lenders. Enter a Crossword Clue. A small loan up to $2,500 that you repay over 9-20 weeks. Probably. ) $ 226 X (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. The dangers of loan sharks in the Philippines are very real. Also sometimes used with fees charged by bookies in illegal gambling. Click the answer to find similar crossword clues . TheseSo I always presumed the term "vig" or "vigorish" (meaning, at least how I perceive the meaning, a bookie or loan shark's "take", or reward, for facilitating a deal of some sort) to have a Yiddish origin; maybe just because of the way the word sounds. We have briefly discussed the implications of illegal and legal. They provide credit to those who are unwilling or unable to obtain it from more respectable sources, usually because interest rates commensurate with the perceived risk are illegal. The loan fund for these operations came from the proceeds of the numbers racket and was distributed by the top bosses to the lower echelon loan sharks at the rate of 1% or 2% a week. We would like to show you a description here but the site won’t allow us. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Vigorish (also known as juice or the vig) is the fee charged by a. ). It’s 10k broken down to 10 payments for 1000 each with a 30% or 3 point vig of 300 or 1300 a week. " Find the sharks vig. The “game was plainly and flagrantly usurious. These are Finance House and Mawarid Finance — two trusted firms where you can apply for a quick cash loan in Dubai. $a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. More than 50 direct lenders! What is a vig loan shark - with Zangocash! Skip to content Navigation Menu. 30 minutes - conditions apply. If you do the calculation, you are paying 20% on your loan. That's why right after his encounter with them a car is seen possibly following him and then the man who plays the envelope game with him immediately approaches him at the subway station. permanent worker. Credit unions have both large and small loan options available to people who fit certain qualification requirements. So you repay 13k in total over a 10 week term on a 10k loan. The Crossword Solver found 30 answers to "USURER", 5 letters crossword clue. In "street" language, the profit on such a loan is known as the "vigorish" or. For that payment to make sense, you need to benefit by more than $1,000. With their local network, loan sharks seek out vulnerable individuals in desperate need of money. These loans often come with high interest rates. In loan sharking, vigorish refers to the ridiculously high interest rates charged by predatory illegal lenders. A major reason why you should never borrow from loan sharks is because they charge exorbitant interest rates. Loans from loan sharks charge interest rates far above any. 11/14 vs LIU Sharks-1800: W 53-76: 11/12 vs Lafayette Leopards-505: L 78-79: 11/09 at UC Davis Aggies +300: L 71-84:. As Black tells it, why the heck a mobster would ever want to take over a. Established on March 13, 2004, Finance House officially started its operations on July 18 of the same year. This interest is called “the vig. In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4. Loan sharks are illegal moneylenders offering unsecured loans at extortionate rates of interest, reportedly up to 4 million%. Someone who lends money at excessive rates of interestLoan sharks vig. 2)short for "vigorish" used in gambling;When wagering on a. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Human Eye color. 5%. If you borrow $100k at 3 points then you pay $3k a week until you pay the £100k back in full. Though the benefits do not overthrow the negatives, people choose to use it because sometimes it is the only way. 00 $800. If calling isn’t for you, you can use Live Chat to talk to the Illegal Money Lending. FJevon Porter Questionable. I need a loan of R15000. Why do loan sharks call it a vig? Authorities on underworld slang believe that “vigorish,” usually contracted to “Vig. How much is vig on a loan? A vig is simply the interest that is charged on a loan. ] loved Marco. standard usury laws in each state typically set the maximum interest rates that a lender can charge, which can range from 45% to 45%. On the other hand, payday lenders usually opt for the ethical way by complaining against the defaulters in the credit bureaus. goombah: an associate, especially a senior member of a criminal gang. Thus, question arises if the present regulatory approach itself is effective and efficient in protecting the interest of the money lending borrowers. - Zips: A derogatory Mafia term American Mafiosi's use for the Sicilian Mafiosi. Patsy will split this vig with Hesh as Hesh's incentive to become involved. You pay one of two things, the weeks vig or the principle in full. As every fan of The Sopranos knows, the vig is the interest on a shark's loan. Loan Shark definition: One who lends money at exorbitant interest rates, especially one financed and supported by an organized crime network. The higher the vig, the more money the lender makes. ” In 2009, online payday loans increased by 20% in the UK due to many people not having access to any form of credit, and some banks have even started lending money without interest rates. 1959: R. How much will you owe after 2 years? B. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and generally operates outside the law. Definition of Vig in the Financial Dictionary - by Free online English dictionary and encyclopedia. Interest, especially excessive interest, paid to a moneylender. (slang) Interest from a loan shark’s loan. I really try to find a good loan shark which can borrow me 3k for under 5000%. $ 1031 X There is no ten percent vig on loan sharking. Now we… Not 'vic' but 'vig' --- short for 'vigorish', slang for the percentage taken by the house out of gamblers' staked money, later adapted to the loan shark meaning you cite. loan shark Significado, definición, qué es loan shark: 1. Loan shark interest rates are extremely high, sometimes up to 300-400% interest on the loan. That’s one-hundred-and-eighty-nine percent interest! Using their loan example of a $2500 loan paid back over 12 months, you borrow $2500 and you pay back $11,901. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. (June 2018) A loan shark is a person who offers loans at extremely high interest rates, has strict terms of collection upon failure, and generally operates outside the law. Loan Shark cartoons and comics. A borrowing from Russian. Nation. TheAngryJerk • 2 yr. At the end of the sixth month, will count as 180 days after the loan payment was sent to you. Introduction. 5. Payday loan companies such as Money Mart, Eazy Loans, and CashMax are examples of modern-day loan sharks. Some multiple reports and studies researched the implications of loan sharks on the rest of the economy. 1 Fullerton Credit offers you the best fast-cash loans with flexible rates and regulated terms. Some banks do charge this level of interest but within many years. He would loan money to individuals and then extort excessive payments back from his debtors through threats of violence. -Loan sharks. 8 percent in. (Vig is a mob term for interest on loans to a loan shark. 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). gov. In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4. Go to top. 3,552 ratings187 reviews. Depending on where a person lives, lenders typically cannot charge more than 60% interest per annum. We would like to show you a description here but the site won’t allow us. 4). Loan sharks advertise through texts, WhatsApp messages, e-mails, flyers, social media, and so forth. Dollar Loan Center, Henderson, NV. Conclusion. ) A commission, finder's fee, or similar extra charge. Loan sharks have long operated on housing estates in poorer areas, but increasingly use social media to drum up business and threaten clients, says Ms Williams: "It means a loan shark based in. 63. The S. A loan shark, also known as a money shark, is someone or a group that engages in predatory lending practices outside the boundaries of the law. A person who issues illegal loans, with outrageous interest, and if you don't pay it back over a certain period of time, he a) breaks your legs, b) breaks your face c) kills you. Vigintillion. Find what the $24 would be worth in the year 2015 if it had. ) A financial racketeer who loans money at usurious interest rates. ) A commission, finder's fee, or similar extra charge. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. heavy packed carrying a weapon. Loan sharks lure unsuspecting victims by promising to lend them high amounts of money under seemingly unbelievable terms. A loan shark lends you $80 at 3% compound interest per week (this is a weekly, not an annual rate). ELI5: Gangster/loan-shark lending rates and terminology (as portrayed in films) Gangster movies often have characters mention interest rates on loans, much like Morrie in this scene from Goodfellas saying he "didn't agreed to 3 points above the vig. ) A commission, finder's fee, or similar extra charge. My name is , we located ina loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. ) Round your answers to the nearest dollars A. Loan sharks capitalize on this by promising clients with personal loans that don’t require documents and can be disbursed immediately. Loan shark. 75 while still being a cleaner number to remember. " Find the shark's vig. It was adapted into a live action television drama series in 2010 and into a live action film in 2012. Vig - Vigorish: Origin: Probably of multiple origins. (Loan-shark racket) Principal and a week’s interest on a loan, plus the interest compounded on the entire debt. 2. . About See All. On your $1000 bet, he’d get $20 for his efforts. What does Vig mean in finance?. Now, in the city by the Bay, everyone has to pay…. g. It seems to have originated among Yiddish speakers in New York City in the late 19th century, probably deriving from a similar-sounding Russian word. . Save "I crunched the numbers until cautiously opportunistic. Loan shark. An emotional scrap dealer wants to purchase a ship bound for salvage, but he needs at least $3000. The Fan -> Save freighter from loan sharks. Dealing with loan sharks in Singapore is extremely dangerous. However, Illinois has some laws that restrict how much you can borrow, loan terms and more: Maximum amount: $1,000 or 25% of your monthly income, whichever is less. The specter of the loan shark is often conjured by advocates of price deregulation in the market for payday loans. Historically, a Vig Loan can be considered an illegal loan ( loan sharks ). " Find the sharks vig. NEW YORK CITY — A federal jury took all of 90 minutes to find a mobster guilty of killing a Brooklyn loan shark over $750,000, authorities said. John Dahl directed this exploration of New York private clubs devoted to high-stakes poker, with first-person narration from the film's central figure. The term came to English usage via. Knock Over (v. In this comprehensive article, we will delve into the. The rate or amount of such a charge. It’s 10k broken down to 10 payments for 1000 each with a 30% or 3 point vig of 300 or 1300 a week. Erlking -> Fly near VIG Keepsafe in Windfall III The Hoard. For example, one point on a. Early Christian and Muslim laws actually forbade charging interest (vig) because that was considered usury. Vigorish. The loan shark’s twenty per cent weekly interest rate. Vig. Conclusion About Loan Shark Harassment In SingaporeLoan shark vig. $ A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). MAKE THE VIG , OR YOU WILL BE GETTING A CALL LIKE THIS ! | telephone callSeptember 18, 2023 at 2:23 p. 2. Today's crossword puzzle clue is a quick one: Loan shark. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. Lione, The Crossroads, Midtown Blue Book #2, page 100, The guy was probably professional muscle, a leg breaker who collects vig for a loan shark. That fact gave Marco a large edge, tantamount to wiping out the house. b. This max loan amount is quite low for a personal loan lender and may prove to be insufficient for many potential borrowers. Allan Jones, who started Check Into Cash, in Cleveland, Tenn. 63 The shark's vig is approximately $2,585. 1 Description; 2 Japan; 3 Ireland; 4 Israel; 5 Kazakhstan; 6 Malaysia and Singapore. If I buy a house it would be in the $60,000 to $100,000. (Round your answers to the nearest dollar. Profits obtained by organized criminal groups from other illegal activities such as drug trafficking and migrant smuggling (see Module 3) have been used to make even more money by lending these profits to. In a surprisingly successful turn of events, Uncut Gems. TL;DR - the thing that makes a mob loan a particularly "bad idea" is that the vig is interest-only, rendering the "interest rate" to somewhere north of 100% on every dollar borrowed. initiation or induction: becoming a made man. The rate quoted is how much of the principal you pay in interest, assuming you stick to a payment schedule. Loan term: 2 to 4 weeks. How does a Fig Loan affect my credit score? One of the goals for a Fig Loan is to help you. What’s another word for loan shark? In this page you can discover 3 synonyms, antonyms, idiomatic expressions, and related words for loan-shark, like: usurer, moneylender and. Loan sharks are predators who make extortionate extensions of credit to enrich themselves in violation of state or federal laws. How much will you owe after 2 years? B. com. A Loan Shark is a stock villain who typically loans money at high interest rates and will stop at nothing to get it back. In case of non-payment by the borrowers, loan sharks often threaten or harass them. (Round your answers to the nearest dollar. '' is a corruption of the word “vigor. There are two main types of loan shark Philippines. In chapter 5, the group will meet Kamataki Eri outside Otohime Land. Etymology: < Russian vyigryš gain, winnings (18th cent. A beautiful woman paid it with her body. Money Line Open Line Heritage Bovada BetOnline YouWager SportsBetting Best Line. ” They say it means the “edge,” or the strength of the operation, to the loan shark or bookmaker. Each point equals one percent of the loan amount. 2. In the world of lending, there are legitimate institutions that offer loans to those in need. Vig. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. If you take out a loan from a loan shark, expect to pay interest, and probably a lot of it. LOAN SHARKS. In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. Historically, a Vig Loan can be considered an illegal loan ( loan. In March, Supitcha Apichatphokhin was found guilty of illegal money lending without the appropriate permission from the Bank of Thailand and for charging exorbitant interest rates in contravention of Thai law. Lending agreements between borrowers and loan sharks all have the following characteristics: a high rate of interest, generally 20 percent per week; a fairly explicit. Financial serviceThese meanings may be due to “money’s ‘lubricant’ properties. While in L. A loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. 3. Furthermore, credit unions are nonprofit organizations, meaning they are more likely to cater to borrowers’ needs. For example, a loan shark may lend $1000 at a 2000% annualized interest rate, which is against the law in most states. I need help getting a $4,000 loan I need to find a loan shark do you know how to go about doing this. Jaws feasts on multiple pounds. The image of Jews as sharks has also been around for a long time. ) Round your answers to the nearest dollars A. The debts maintain a humble scale under the strict supervision of gold, and bankers can only bear the patience to eat loan interest. Kimanh Le, 50, was. ”. This can be a fixed rate or a variable rate, depending on the terms of the loan. While this may sound good at first, a. Sometimes they can mean interest, sometimes they can mean a cut of revenue, but it's still 1:1. Loan-sharking victims were allegedly required to make weekly, high interest “vig” payments, either by directly paying individual defendants or by dropping off cash payments at two New Rochelle. Loan sharks typically charge annual percentage rates of interest exceeding 36%. Most bank loans charge between 3% to 10% interest rates on. If binding price caps are imposed, the argument goes, loan sharks will be spawned. How much is 2 points on a vig? A typical vig is two points, or 2\%. [1] Our current annual vig on the national debt is $640 billion. Loansharking. " Find the shark's vig. ) Narcotics. Interest rate and fees works out to be 1400% of the initial loan amount. Perez (defendant) was a loan shark. (b)In "street" language, the profit. People are missing a key point that you have to pay the full amount back or you pay the vig each week. the only loan like that ever didn’t completely fuck me was from fig loans. ) (a) How much will you owe after 4 years? (Use 52 weeks per year. Vigintillion. It doesnt work that way. PERSONAL FINANCE: Interest A loan shark lends you $100 at 2% compound interest per week (this is a weekly, not an annual rate a. Long before this, the figurative use of shark to describe a predatory person or predatory behaviour, was and still is Standard English, and dates from 1600s. A loan shark lends you $50 at 2% compound interest per week (this is a weekly, not an annual rate). Vig. " Find the sharks vig. See more of Loan sharks vig on Facebook. ago. vig·o·rish. 99%. 2. Unfair Debt Collection Practices. The NCA is an important tool that can be used to protect consumers who enter into a credit agreements with these credit providers who take advantage of vulnerable consumers without complying with. Loan sharks typically are associated with organized crime, but this is becoming more rare with the emergence of regulated methods that accompany high-risk loans such as subprime and payday lender. With licensed moneylenders, your rights have full protection and have enough leeway to deal with your responsibilities at all times. Reginald Varley is a character in L. Lenders in San Antonio take into account several factors, such as credit score, income and loan duration. VIDEO ANSWER: all right, if we have a principle of 8000 and this is our rate, over the course of five years, our interest is going to be 792. In some cases, a loan shark may be connected to a criminal organization or might at least imply this to intimidate borrowers. ” In our example, 11 + 11 = $22 is bet, and the bookmaker wins $1 so the vig is 1/22 = 4. If I pay the vig every week the principle does not go up. Not sure of details but a guy offered to make not just a vig payment but pay down the principal and the shark gets very angry at the attempt. Michelle. a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. Loan shark Someone who issues loans with interest rates above the maximum legal level, often thought to come with threats from the lessor. Not sure of details but a guy offered to make not just a vig payment but pay down the principal and the shark gets very angry at the attempt. At the end of the sixth month period, the coin will be forfeited and you will lose all rights to the coin and all rights of ownership. Probably also partly a borrowing from Yiddish. If he lent you 1000, you would pay 1150 back regardless of how quickly you pay back the debt; the original 100 plus a 150 "vig". I've borrowed before from loan shark, this is how it works: Interest and points are essentially the same with some small differences. This can be a fixed rate or a variable rate, depending on the terms of the loan. Synonyms * vigorish * juice * overround ---- vis . Some federal credit unions offer loans from $200 to $1,000 with APRs capped at 28% to borrowers of all credit types. The mafia competed with standard lenders, and usually offered higher rates but looser terms and credit requirements. Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or simply the vig) is. SoFlo Funding is the company you can trust for funds if you are in dire need of it. Geisst blames poor lending practices—not loan-sharking precisely—for the stock. Jonathan Lewis: The Microfinance Vig 2010 A gambler with a low income and no earning potential and with the means to only pay a a couple hundred bucks a week to is not a good person to loan 25,000k to with over 1k a week vig, but would manage a 5k loan at 200 a week almost indefinitely for example. The image of Jews as sharks has also been around for a long time. " Ivan Ehlers. " The term "loan shark" in recent years has come to mean a money lender who makes illegally high charges to necessitous, ignorant, or gullible wage earners and other persons of moderate income. (Round your answers to the nearest dollar. What is the vig in sports betting? Quite simply, the vig, vigorish, or juice, is the house edge. “Vig” is short for vigorish, aka juice. $396. If you take out a loan from a loan shark, expect to pay interest, and probably a lot of it. they will change your due dates, let you skip a payment, aren’t assholes about your bad finances, etc. For example, a loan shark may lend $1,000 at a 2,000% annualized interest rate, which is illegal in most states. If the full payment with interest, is postmarked on the 180th day, you will retain ownership of. ) 2009 , Davinia Bostick, The Match , →ISBN , page 91 : Loan Shark: A person or entity that charges borrowers interest above an established legal rate. The company says it is now the country’s third-largest payday-lending chain, with 1,100 stores in 30 states. Note that due to the nature of the algorithm, some results returned by your query may only be concepts, ideas or words that. Here are 6 ways to differentiate loan sharks in Singapore from licensed moneylenders, so that you can avoid falling prey to them. $vig: [noun] the interest on a loan shark's loan. LoanShark is a marketing platform that. However, they’ve forgotten that the 15% interest is compounded. a person who…. (slang) Interest from a loan shark's loan. Words Ending With. Interest rates tend to be higher on small loans because the cost of "sharking" is the same regardless of the loan amount. The timing is impeccable. The loan shark may be only too eager to use violence if necessary, either to threaten borrowers, punish late payors, or set an example. “I was absolutely distraught. Enter a Crossword Clue. " Find the sharks vig. Something went wrong. CBS’ calculation was 15*26 = 390%, or around 400%. My ex worked on the docks and used to borrow money from a guy name Mattie The Blade. m. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. in "street" language, the profit on such a loan is known as the "vigorish" or the "vig. It is interest a loan shark charges. Each point is 5%, so in this case Nicky is asking for a 15% return in addition to the owing principle. FBoubacar Coulibaly Questionable. I’ve never heard of anything like this. What does vig mean to a loan shark? Vig. Estimates of annual revenues vary widely, from 2. My name is , we located inLoan sharks vig. LOAN SHARK: Usurer has no involvement in caper LENDER: Usurer, e. The specific meaning of. How much will you owe after 2 years? B. P. The image of Jews as sharks has also been around for a long time. So to unpack, here's how a legit loan works first, then how a shark loan works: A legit loan lends you money with an interest rate quoted either as an APR (Annual Percentage Rate) or APY (Annual Percentage Yield). It may be misspelled. You can also email the Illegal Money Lending Team at [email protected]%. Now, in the city by the Bay, everyone has to pay…. Jaws feasts on multiple pounds. For example, if a game is listed at -110, it means that you need to bet $110 to win $100. The article again quotes from the Attorney General's report as. 21 likes. Lending agreements between borrowers and loan sharks all have the following characteristics: a high rate of interest, generally 20 percent per week; a fairly explicit understanding that borrowers are pledging their physical well-being and that of their families as collateral for the loan; and a belief by the borrower. TheseLoan Sharking is a business in the Empire Building feature of Grand Theft Auto: Vice City Stories. Every sunny days keto acv gummies ree drummond year, 6 million hectares of land in the world are turned into deserts and semi deserts, and 1 billion hectares of land are eroded by wind and water. Sactino gets no "new money"; he. This equates to $400 of interest for every $100 in 1 year. Loan sharks are loans expensive but come with their benefits. This means if you borrow S$100 from a loan shark, you will need to repay S$120 to $160 within one month. Loan shark. 1. Text: a report to 07860 022 116. ) Kill. Consider the idea of Jewish loan sharks, raising the "vig", or Shylock desiring his pound of flesh. My late relative was a loan “shark” so here’s a couple of 3 things: Vig is weekly, and until you pay the whole principle back it doesn’t waiver. A loan shark person is a person who lends money at exorbitant interest rates and is an American expression first attested from the early 20th century. On your $1000 bet, he’d get $20 for his efforts. Historically, many. Financial Service . Points are the percentage you pay in interest on a loan ( aka the "vigorish" or "vig"). Loan shark vig capped at 6 percent a year by government Lee Myung-soon, Financial Services Commission director general on consumer finance, center, announcing government measures against financial fraud with officials from other government departments, including the Justice Ministry, the police and the tax agency at the government complex in. Points are accrued and paid weekly, 99% of the time. com: Today's new stories Headlines 2009. Take out your loan for a 30-day test drive + Get pre-approved in 3 minutes. This crossword clue might have a different answer every time it appears on a new New York Times Puzzle, please read all the answers until you find the one that solves your clue. a loan shark lends you $50 at 3% compound interest per week (this is a weekly, not an annual rate. " Find the shark's vig. (Round your answers to the nearest dollar. We would like to show you a description here but the site won’t allow us. The higher the vig, the more expensive the loan will be. A loan shark lends you $80 at 3% compound interest per week (this is a weekly, not an annual rate). Ah, but the lovely fish-girl’s best friend is a shark, a shark with a lot of muscle and who loves to sabotage the hyena’s every move. These are the “five-six” and the Sangla ATM. 25. 6. And whilst Bloodhounds' villains have been preying on business owners who've already faced enough challenges. Despite these efforts, loan sharking are still rampant and many borrowers and their family members still fall victim to the physical, mental and emotional threats and violence of loan sharks. Slang for interest paid on a loan – usually a loan with higher than market interest rates, a so-called loan shark loan. [High risk borrowers (who had been late on payments previously) had to agree to more vig on their loan. These sharks provide quick cash to desperate. ) $ (b) In "street" language, the profit on such a loan is known as the "vigorish" or the "vig. No-Vig Odds. A loan shark is a type of predatory lender, often an element of a larger criminal organization, that lends money to borrowers outside the law. But all this. " Find the shark's vig. . The Fan -> Save freighter from loan sharks. (Round your answers to the nearest dollar. How does vig work loan shark? Vigorish (also known as juice, under-juice, the cut, the take, the margin, the house edge or simply the vig) is the fee charged by a bookmaker (or bookie) for accepting a gambler’s wager. If I pay the vig every week the principle does not go up. " Find the sharks vig. [2] Judge Rumford Bland collects the vigorish in Thomas Wolfe’s novel, You Can’t Go Home Again. English bookies prefer to cut the word down to VIG, while Americans use the verbal terms “juice,” “cut,” or “take.