Wiktionary

payday loan

English edit

Etymology edit

So called because it might help borrowers until their next payday.

Noun edit

payday loan (plural payday loans)

  1. A small, short-term unsecured loan of money at an extremely high interest rate.
    Hypernyms: usury; credit, loan
    Coordinate term: credit card

Related terms edit

Translations edit

Further reading edit

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