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What is a Vig on a Loan?
Simply put, vig is a slang term that is used to describe the interest rate for a loan. If someone asks, “What’s the vig on the loan?” what they are really asking is, “How much money are you paying in interest for your loan?” In a world like The Sopranos, however, where loan sharks are everywhere, they’re referring to interest paid in cash. And for loan sharks and characters like Tony Soprano, the vig is straight profit.
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