Joe Rodolico's definitions

ninja loan

An acronym for a loan given to a person designated as "No income, no job or assets;" hence - N-I-N-J-A.

The bank's ninja loans have ruined its credit rating. Now, no other bank will lend it money.

by Joe Rodolico September 23, 2007

farmland bubble

A situation in which farmland prices skyrocket due to speculation in the futures market in one or more crops. Asset bubbles form when too much money finds its way into one area of the market. The bubble is considered to be excessive, and, therefore, not sustainable in the long run.

Farmers are planting more and more corn, because the demand for ethanol is creating a farmland bubble by raising the value of their land to previously unheard of heights.

by Joe Rodolico April 11, 2007

two-thousandaire

A member of America's class of home-owning families with only two thousand dollars in savings. Deeply in debt, they live from paycheck to paycheck dreading any unforseen financial catastrophies such as a sudden illness or unemployment. First coined by Karen De Coster and Eric Englund.

Taking out a home equity loan might seem like a good idea to a two-thousandaire, unless one gets laid off and ends up penniless.

by Joe Rodolico July 1, 2006

H-Hour

A redundancy in military jargon signifying the exact hour for an operation to begin. Big "H" for "big hour".

The invasion of the enemy held island began at H-Hour, 05:00.

by Joe Rodolico February 10, 2007

toxic wife

A woman who only marries for financial gain. Once the money is gone, she quickly leaves her husband and takes what little money is left with her.

After Howard lost everything in the stock market bust, he realized what a toxic wife Wanda really was when she emptied out their joint bank account and split.

by Joe Rodolico December 19, 2008