Top definition
To allow your home to go into forclosure because your adjustable-rate loan interest rate balloons your payment into an amount that you cannot afford.
"My mortgage statement came in today and my payment has went up $400. There is no way in hell I can pay that. I guess it's time to throw in the keys!"
by Mothanatus March 23, 2008
Mug icon

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug

Alphabetical list