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:

The Old People Smell
1. The pungent miasma of cedar and mothballs that emanates within confined spaces such as elevators, bathrooms, buses, and taxi cabs after ..
Read more
Quorp
1. n. A dick queef released into a gaping asshole, usually a man's. v. To expel a dick queef into someone else's gaping asshole,..
Read more
Astro
1. Always Stating The Really Obvious similiar to Captain Obvious. user1: you are such a republican user2: dont listen to him he's A..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free