What is Neutron Bomb Loan?
1.
Any loan contract structured to place the borrower into a position where it is not possible to pay off the principle; a predatory lending contract or product designed to financially wipe out the borrower. Originated 2007 by Bill Purdy, a California lawyer representing homeowners with predatory lending claims.
An ARM (adjustable rate mortage), "interest-only", and a liar loan are examples of a neutron bomb loan.
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Random Words:
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A quaint way of expressing frustration while sounding silly and British. Also a euphemism for more offensive words.
1-"I dropped m..
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when a ram runs into your testicals and you say ouch.
my brother experiences testieramo when he goes to the zoo...
