Meaning of five-six | Babel Free

Definitions

A moneylending scheme stereotypically associated with Indian nationals, especially Punjabis, in the Philippines.

Philippines, informal, uncountable

Examples

“One of their most notorious loan arrangements is the "five-six” scheme, that is, for every five pesos borrowed, six must be returned. Usually daily payment is demanded from the first day of the loan, although sometimes payment falls due at the ...”

“Hapless citizens borrow money from five-six money lenders, e.g. borrowing five thousand and returning six within a month or even a week.”

“Despite their number and their assimilationist proclivities, Filipino Punjabis are sometimes pejoratively called 'five-six Indians'.”

“Hapless citizens borrow money from five-six money lenders ('borrowing at high rates of interest', i.e. borrowing five thousand and returning six ... ).”

CEFR level