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glossary of terms
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
L
loan a sum of money which you borrow, usually with interest.
loan shark someone who lends money and charges a very high rate of interest. They will not hold a consumer credit licence.
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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