what is a vig payment
Vig is short for vigorish, a charge paid on a bet to a bookie or on a loan to a usurer. It is interest a loan shark charges. Also sometimes used with fees charged by bookies in illegal gambling. My ex worked on the docks and used to borrow money from a guy name Mattie The Blade. The Blade charged a 5% vig per week on the balanced owed. So, if you borrowed $1000, you had to pay $50 a week in interest.