consolidation loan

con·sol·i·da·tion loan

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Definitions of consolidation loan words

noun consolidation loan a single loan which is taken out to pay off several separate existing loans 3
noun consolidation loan 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. 1

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exclamation

This term is known only to a narrow circle of people with rare knowledge. Only 27% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

This diagram is provided by Google Ngram Viewer

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