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:

Norwack
1. A conceptual word defining the town of Norwalk, CT. Also known as "da wack." Originated from Benjamin Afflick in the hit 1998..
Read more
Pmz
1. Acronym for "Potseluy Moya Zhopa". Russian for "kiss my ass". Ty nemetskiy pedik, PMZ! See zhopa, dupa, pizda..
Read more
Scranbat
1. Someone who scrans down a lot. (See "scran"). One of these is known to have the name Colley 1. "col ya little scranbat, ..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free