Definition of "pay-day" [pay-day]

• The day when payment is to be made or debts are to be discharged; the day on which wages or money is stipulated to be paid; in stock-jobbing, the day on which a transfer of stock must be completed and paid for. (noun)

The Century Dictionary (Public Domain)

• "It will be the first banking industry regulator to listen to consumers' issues related to businesses like check-cashing services and so-called "pay-day loans," which aren't technically classified as banks but which still offer such financial services."
• "Then I'll pick a good ship bound for Europe, and arrive there with another pay-day."
• "Then we sailed south to Yokohama, with a big catch of skins in our salt and a heavy pay-day coming."