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:

Kysf
1. Kill Your Self Fag, whispered in people's ears to make em think they're going ape shit. (sneak up on someone): KYSF kill your..
Read more
Radburn
1. A small incorporated "town for the motor age" located in Fair Lawn, New Jersey. As a community within a community, it was a pl..
Read more
Fuzzah
1. A less-offensive resort for fucker. That ho is quite a fuzzah...
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free