payday loan
noun/ˌpeɪdeɪ ˈləʊn/
/ˌpeɪdeɪ ˈləʊn/
- a small amount of money that somebody borrows for a short time at a high rate of interest, agreeing that they will pay it back when they receive their next wagesTopics Moneyc2
Definitions on the go
Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.
Check pronunciation:
payday loan