apersonor anorganizationthatlendsmoneytocustomerswho mustpayit back when theyreceivetheirnextpay:Statelawallowspaydaylenderstoloanup to $700, withinterestratesof up to 15%per$100.
payday lending
noun[U]apaydaylendingcompany/industry/store(Definition ofpayday lenderfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofpayday lender
payday lenderThe statewide database does not allow a loan to be issued to a consumer by a licensedpaydaylenderif the loan would result in a violation of state statute.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Indeed payday lenders break their promise on responsible lending all the time.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.A small percentage of payday lenders have, in the past, threatened delinquent borrowers with criminal prosecution for check fraud.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Other elements of our society, whether its the pharmaceutical companies, the banks, the insurance companies, payday lenders, all these guys have people looking after their interests.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/payday-lender##
