payday lender Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “payday lender” in the English Dictionary

"payday lender" in Business English

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payday lendernoun [C]

uk   us   FINANCE
a person or an organization that lends money to customers who must pay it back when they receive their next pay: State law allows payday lenders to loan up to $700, with interest rates of up to 15% per $100.
payday lending
noun [U]
(Definition of payday lender from the Cambridge Business English Dictionary © Cambridge University Press)
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“payday lender” in Business English

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