Price Gouging

(redirected from Price gouge)
Also found in: Dictionary, Thesaurus.

Price Gouging

Charging unwary borrowers interest rates and/or fees that are excessive relative to what the same borrowers could have found had they shopped the market.

See Predatory Lending/Predatory Practices.

References in periodicals archive ?
The Bishops and Catholic Church are willing accomplices as the nonprofit Catholic hospitals evade taxes, price gouge uninsured patients, and appear to violate nonprofit IRS salary regulations.
On February 19, Bush's Secretary for Health and Human Services, Tommy Thompson, wrote a harsh and stinging letter to the American Hospital Association after the association attempted to blame federal regulations as the reason they were forced to price gouge the uninsured.
Many Catholic hospitals routinely price gouge working-class families that are not poor enough to qualify for Medicaid or charity care, yet not healthy enough or wealthy enough to have insurance.