Meaning

1 senses
  1. A small, short-term unsecured loan of money at an extremely high interest rate.

Examples

1 sentences
  1. Tom took out a payday loan.

Translations

1 languages

Origin

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

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

Wiktionary, CC BY-SA 4.0 · source

Forms

plural: payday loans
Singularpayday loan
Pluralpayday loans

regular

Word family

1 related words
Relatedloan shark

See also

neighbours in the dictionary
payday loan — meaning, examples, forms, synonyms | Krumeto