Definition of payday lending in English:

payday lending

noun

See payday lender

‘Most who turn to payday lending have poor or limited credit history.’
  • ‘Payday lending was an innovation created to serve an underrepresented market segment.’
  • ‘A typical payday loan works like this: the borrower writes a post-dated check to the payday lending company.’
  • ‘A generation or so ago, what is now known as payday lending was called "loan sharking" and it was illegal.’
  • ‘The acquired stores are all multi-product locations offering check cashing, payday lending and pawn brokering services.’