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What does loansharking mean?

Looking for the meaning or definition of the word loansharking? Here's what it means.

Verb
  1. present participle of loanshark (Committing crimes as a loan shark, committing usury (loaning money at excessive rate of interest) especially when collecting under threat of violence.)
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Examples
Secondary activity includes murder, extortion, assault, contraband smuggling, gambling, loansharking and arson.
These folks are then forced to turn to the loansharking industry and, in this instance, the payday loan operators that exist in all of our communities.
It was a chance to clean up these companies, especially those involved in loansharking, and they disappeared.
It will go to finance prostitution rings, loansharking and all kinds of criminal activities.
While these provisions were enacted to combat the practice of loansharking, the reality is that they also apply to most lending arrangements in Canada, including payday lending.
Asian criminals have used legal casinos in Calgary for cheating at play, loansharking, and drug trafficking.

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