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:

Eliza
1. the hottest girl in the entire world who when u see her, u just wanna jump on her and kiss her. shes pretty, gorgeous, romantic, sweet, ..
Read more
Twistmoney
1. A faggot who chokes on dick and takes it up the ass every single day twistmoney realizes that the Cowgirls suck and that Lil Wayne is t..
Read more
Vin D
1. A person that exibits behaviour such as leeching a friends meal without permission or finds a way to conserve money when not neccessary ..
Read more

Best StartPage for your browser.

All you need for a faster workflow in one place.



Get it for Free