miniloan

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English

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Etymology

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From mini- +‎ loan.

Noun

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miniloan (plural miniloans)

  1. A loan for a small amount.
    • 2009 April 13, “391 Percent Payday Loan”, in New York Times[1]:
      Others have argued that without these miniloans, people would bounce checks, incurring average costs of $27 or more per overdraft.