Excessive interest on loans; a commission charged by a bookmaker or casino to winners and subtracted from their winnings.
(Vigorish is frequently abbreviated to vig. It is also known as juice.)
People earning pathetically low incomes have to borrow against next week’s paycheque and pay out huge chunks - it was called vigorish in the old days, the vig. You know, the street mobster, the loan shark, was charging you interest on the interest, and basically all you were paying was the interest, so you never paid off the capital, and interest accumulated on the interest. It was called vigorish, and the vig was huge. The vig is huge with these guys.
The Gates crowd speaks instead of collecting a ''vigorish,'' or ''vig.'' For organized crime, that means a regular, extortionate loan payment, unavoidable for borrowers who value their health. For Microsoft, it means a regular software licensing payment, unavoidable for almost anyone who wants to use a personal computer. It is figured into the cost of every machine. Now Microsoft wants to collect a vig on Internet access too.