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payday lender

noun

  1. a person or group that offers short-term loans, in advance of payday, at high rates of interest
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Derived Forms

  • payday ˈloan, noun
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Example Sentences

Ten million or so people avail themselves of a payday lender each year.

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