| 单词 | car title loan |
| 释义 | car title loanDefinition A situation which uses the title of a car as collateral for a short-term loan. The loans target low-income clients and have a high interest rate. Borrowers must be the lien holders. The loans typically last 30 days or fewer, and the car is forfeited if a loan is not paid. Also called auto title loans and title loans. |
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