Usually means: Short-term, high-interest, small loan.
Definitions Related words Mentions
We found 8 dictionaries that define the word payday loan:

General (6 matching dictionaries)
  1. payday loan: Longman Dictionary of Contemporary English
  2. payday loan: Oxford Learner's Dictionaries
  3. payday loan: Collins English Dictionary
  4. payday-loan: Wordnik
  5. payday loan: Wiktionary
  6. Payday loan: Wikipedia, the Free Encyclopedia

Business (1 matching dictionary)
  1. BusinessDictionary.com (No longer online)

Slang (1 matching dictionary)
  1. Payday Loan: Urban Dictionary

Definitions from Wiktionary (payday loan)

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

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