Short-Term Credit

Payday Loan
A payday loan is a short-term loan based on a promise by the borrower to repay the loan from his or her next paycheck. These loans generally are made at a very high rate of interest and require minimal creditworthiness.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.