- to agree to assume the payments on a loan to a hard lender such as a bank, not if but when, the borrower defaults on the loan.

Fucked Borrower. Very widely used in real estate blogs and informal circles. Refers to a formerly credit-rich but resource-strapped consumer who's collateral, savings, and foreseeable future income are below the value and terms of a loan they cannot sustain, refinance, or renegotiate. FB's face a bleak future of certain losses, and nearly certain bankruptcy, credit destruction, and long term cascading/follow-on financial and opportunity losses.

Persistent borrower (as cited in Routledge Dictionary of Slang and others)

A money lender who loans money to desperate borrowers at ridiculous terms, and uses criminal means to intimidate the money back from the borrower if they can't get the interest back.

A person from whom an informal, unregulated, short term loan can be acquired... Usually at usurious interest and with at least the presumption of physical danger to the borrower in the case of default.

The name comes from the ruthless and violent popular image of sharks, and basically assumes the lender hasconnections with organized crime.

Can also sometimes be applied to one who always seems just a bit too mercenary in thier "assistance" of friends.

noun.

usage: to describe someone who steals girlfriends and fucks other men's women.

Someone notorious for not returning money borrowed from friends. ie. Steve Turkey