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glossary of terms
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Choose a letter:
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L
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loan a sum of money which you borrow, usually with interest.
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loan shark someone who lends money and charges a very high rate of interest. They will not hold a consumer credit licence.
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loyalty card a scheme offered by some shops to encourage you to shop there. For each £1 you spend they give you something in return - often money at 1% (a penny in the pound) in the form of vouchers which must be used at that shop.
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