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
Random Words:
1.
To have anal intercourse with a partner for so long that when pulled out, the anus is the size of a qaurter. This can be seen in many po..
1.
to blow on or into.
to inhale a substance into a body cavity.
see rail
I insufflated 3 8-balls of cocaine in a week.
See larstait..
