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

payday lender

noun
 
/ˌpeɪdeɪ ˈlendə(r)/
 
/ˌpeɪdeɪ ˈlendər/
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  1. a company that lends 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
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