Business, Legal & Accounting Glossary
A loan that is guaranteed by a taxpayer’s expected tax return. It is short-term in nature and it helps individuals, especially low-income earners, to access cash in time instead of having to wait a long time for their tax refund. This type of loan has a higher interest rate than more common types.
RAL
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This glossary post was last updated: 20th November, 2021 | 0 Views.