quick-loan

Vocabulary Word

Definition

A 'quick loan' is a type of loan that you can get very quickly. It's like a fast forward button on your TV remote but for getting money.

Examples in Different Contexts

Quick loans are short-term loans designed to provide fast financial assistance. A financial advisor might say, 'Quick loans can be a convenient option for emergency expenses, but they often come with higher interest rates.'

Practice Scenarios

Tech

Scenario:

Our solutions can help people facing unexpected financial urgencies. What do you think about adding a fast loan feature?

Response:

That sounds like a valuable feature. Offering quick loans could significantly improve our user experience.

Academics

Scenario:

We want to extend study opportunities to all deserving students. Let's explore fast track financial assistance options for our students.

Response:

It's an excellent idea. Having a provision for quick loans will be instrumental in helping students with financial needs.