- 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/operatortake 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.
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Payday loan — A shop window in Falls Church, Virginia advertises payday loans. A payday loan (also called a paycheck advance) is a small, short term loan that is intended to cover a borrower s expenses until his or her next payday. The loans are also sometimes … Wikipedia
payday loan — UK / US noun [countable] Word forms payday loan : singular payday loan plural payday loans a small loan that you can get very quickly and easily but which charges a very high rate of interest. People often take out a payday loan for the last few… … English dictionary
Payday Loan — A type of short term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post dated personal check in the amount they wish to borrow plus a fee in exchange for cash. The lender… … Investment dictionary
payday loan — /peɪdeɪ ˈloʊn/ (say payday lohn) noun a loan extended to someone in need of immediate financial assistance on the proviso that it is repaid in a short period of time, at which point a further increased loan is often required, so that the debt… … Australian English dictionary
payday loan — noun Small loan of money designed to help borrowers until their next payday … Wiktionary
Loan shark — A loan shark is a person or body that offers illegal unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. They provide credit to those who are unwilling or unable to obtain it from more… … Wikipedia
Loan — For other uses, see Loan (disambiguation). Finance Financial markets … Wikipedia
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
payday lender — UK US noun [C] FINANCE ► a person or an organization that lends money to customers who must pay it back when they receive their next pay: »State law allows payday lenders to loan up to $700, with interest rates of up to 15% per $100. payday… … Financial and business terms
payday lending — payday lender UK US noun [C] FINANCE ► a person or an organization that lends money to customers who must pay it back when they receive their next pay: »State law allows payday lenders to loan up to $700, with interest rates of up to 15% per $100 … Financial and business terms