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Definition of payday lending noun from the Oxford Advanced Learner's Dictionary

payday lending

noun
 
/ˌpeɪdeɪ ˈlendɪŋ/
 
/ˌpeɪdeɪ ˈlendɪŋ/
[uncountable]
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  1. the practice of lending money to people for a short time at a high rate of interest, expecting them to pay it back when they receive their next wages
trait
noun
 
 
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Oxford 5000
B2
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