payday loan

noun

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

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Meanings

nounpayday loan (plural payday loans)

plural payday loans

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

Origin

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

Full word history & related roots →

Translations

Finnish pikavippi
  • pikavippiloan
Polish chwilówka
  • chwilówkaloan
Swedish snabblån, sms-lån
  • snabblånloan
  • sms-lånloan
Cite this entry
APA

payday loan. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/payday%20loan

MLA

“payday loan.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/payday%20loan. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “payday loan,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/payday%20loan.

Source: payday loan on Wiktionary, CC BY-SA 4.0.