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consolidation loan
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consolidation loan
noun
a loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period.
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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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consolidation loan
Collins
World English Dictionary
consolidation loan
—
n
a single loan which is taken out to pay off several separate existing loans
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Consolidation loan
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