NINJA loan
NINJA loan · NINJA loans
A subprime loan issued to borrowers with no job, income, or assetsA subprime loan issued to borrowers with no job, income, or assets.
Meaning
1 sensesA subprime loan issued to borrowers with no job, income, or assets.
Origin
Coined by the American lending company HCL Finance from an approximate initialism of no inCoined by the American lending company HCL Finance from an approximate initialism of no income, no job, no assets.
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: NINJA loansWord family
1 related wordsRelatedliar loan