PAYDAY LOAN
\pˈe͡ɪde͡ɪ lˈə͡ʊn], \pˈeɪdeɪ lˈəʊn], \p_ˈeɪ_d_eɪ l_ˈəʊ_n]\
Sort: Oldest first
-
A small loan which is provided by pawn shops, and certain individuals or online websites. The loan amounts are usually pretty small, and depend upon how much the borrower will earn on the next payday. The interest rates charged are prett high, and the borrower must pay it back on his payday.
By Henry Campbell Black
