Neutron Bomb Loan

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.

See loan, finance, loan shark, lend, shyster
35

Random Words:

Ubt
1. 1. An acronym that stands for 'unfuckable butter troll'. Using the acronymous version allows one to denote the unfuckability o..
Read more
I <3
1. Meaning I love you. Comes from the IM symbol for a heart <3 using the symbol for less than and the number three, basically an abbrevi..
Read more
Vollis
1. From Old French Voler and Latin Tenez, literally "to take flight" or "to hold while flying" A unique game that comb..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free