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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.
consolidation loan
noun
- a single loan which is taken out to pay off several separate existing loans
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Example Sentences
This is why the Consolidation loan issue of 1891 was confined to the sum already cited.
From Project Gutenberg
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