payday loan

payday loan UK US noun [C] (also payday advance, overnight loan)
FINANCE a small loan from a bank, etc. that must be paid back when the borrower receives their next pay: »

the payday loan industry

»

a payday loan business/company/operator

take out a payday loan »

A consumer who takes out a $250 payday loan today would give the lender a check to hold as security.


Financial and business terms. 2012.

Look at other dictionaries:

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