ninja loan
loan made to somebody with poor credit rating a loan made to somebody who has No INcome, No Job, and no Assets
slangRelated definitions of "ninja loan"
- See also subprime loan
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loan made to somebody with poor credit rating a loan made to somebody who has No INcome, No Job, and no Assets
slangderivatives based on subprime loans, and the bankers who sold these products on to gullible investors, to the politicians and central bankers who failed to understand or supervise what was going on.
Definitions of ’ninja loan’ and meaning of ’ninja loan’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ninja loan’ and other financial terms with our online QFINANCE Financial Dictionary.