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
0

Random Words:

Quickting
1. (adj) Very short sexual relationship i.e. a one night stand. Unfortunately very likely to result in pregnancy or the acquiring of an STD..
Read more
Nose Toucher
1. A girl who can stick a dick so far down her throat that her nose touches the guys body Cindy gives the best deep throat, shes a nose t..
Read more
Ukelele
1. see ukulele. ukelele can also be spelled ukulele...
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free