Someone who borrowed heavily during the good times and in a downturn can only pay the interest or less.
Debt Zombies work their entire lives paying debt that will never die. 30-60% of their salary is spent on repayments erasing all disposable income with high-interest credit cards coming to the rescue for living expenses. They spend their waking hours working in multiple low-wage job solely focused on paying the interest on their loans. The debt just never dies.
Debt Zombies work their entire lives paying debt that will never die. 30-60% of their salary is spent on repayments erasing all disposable income with high-interest credit cards coming to the rescue for living expenses. They spend their waking hours working in multiple low-wage job solely focused on paying the interest on their loans. The debt just never dies.
Tilly Rockefowler did a liberal arts undergrad and then a masters in political science costing her $75,000 in loans. Five years later she's now earning $50,000 in a non-profit based in Washington DC. The various moves has racked up consumer debt taking her loans above $100,000. In addition to her day job she works 35 hours doing the 6-8am shift in Starbucks, odd jobs from taskrabbit and in her spare time she scans craigslist for pharmaceutical trials and kidney sales. Her two sole friends consist of a neurotic debt-counselor and a debt-collector based in Bangalore, India whom she has on ongoing long-distance relationship with. She roommates with happy, free-spirited students and will do so well into her 40's. Tilly is a debt zombie.
Bob & Alice bought a 2 bedroomed house in a remote suburb of county Dublin in 2006 for €550,000. Bob worked as an IT lead in Microsoft and Alice was a QA. The house is worth a third of its value today and will not recover for twenty years. Bob is now an office temp replacing laser cartridges and is often chastised for not loading the paper in the tray correctly. Alice doesn't live with Bob anymore. 60% of Bob's rent is paying the interest-only portion of his loan. He's racking up additional credit card loans. He commutes 3.5 hours each day to Dublin city. He will never pay his loan off. He is permanently depressed. Bob is a debt zombie.
Bob & Alice bought a 2 bedroomed house in a remote suburb of county Dublin in 2006 for €550,000. Bob worked as an IT lead in Microsoft and Alice was a QA. The house is worth a third of its value today and will not recover for twenty years. Bob is now an office temp replacing laser cartridges and is often chastised for not loading the paper in the tray correctly. Alice doesn't live with Bob anymore. 60% of Bob's rent is paying the interest-only portion of his loan. He's racking up additional credit card loans. He commutes 3.5 hours each day to Dublin city. He will never pay his loan off. He is permanently depressed. Bob is a debt zombie.
by Bucolikski May 12, 2013
Get the Debt Zombie mug.A debate hangover occurs the day after a long debate tournament. Competitors and coaches spent most of Friday and all of Saturday competing or judging, so on Sunday, they are completely wiped out. Exhaustion, lack of voice, and sickness are common signs of a debate hangover. Gatorade (to help cleanse the system of caffeine, junk food, etc.) and rest are the most effective cures.
Steve: "Hey man, that was some debate tournament this weekend. I feel like crap now!"
Bob: "That means you have a Debate Hangover!"
Bob: "That means you have a Debate Hangover!"
by Laughing Duck January 26, 2014
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two high school or college debaters in a relationship who both do consistently well at national circuit tournaments. great people in and out of round, and a model couple for debaters everywhere. usually do the same event, but policy + ld couples are not uncommon.
debate power couples tend to be long-distance, but because they both compete on the national circuit, they see each other at tournaments.
debate power couples tend to be long-distance, but because they both compete on the national circuit, they see each other at tournaments.
"hey, nina and jack are both going to the yale debate tournament!"
"wow, they're such a great debate power couple!"
"chairs!"
"wow, they're such a great debate power couple!"
"chairs!"
by pgs em August 10, 2017
Get the debate power couple mug.Marital Debt: the responsibility a spouse owes to his or her partner to give that person sex upon demand. The marital debt is a right that either partner can claim.
"Sorry I couldn't make it over for the game yesterday. My wife wanted a payment on the marital debt."
by P.J. Coldren January 14, 2008
Get the marital debt mug.Using a credit or debit card while intoxicated. Often happens when you're so drunk you don't remember how much you spent.
I'm never drinking that much again; I had way too many drunk-debits last night.
I gotta go to the bank to make a deposit to cover all my drunk-debits from last night.
I gotta go to the bank to make a deposit to cover all my drunk-debits from last night.
by PlainJane08 June 23, 2009
Get the drunk-debit mug.This term is generally used when two or perhaps a few more people debate something so obscure, or perhaps simply uninteresting to the general public, that they are the only people on the planet who know about the subject, and therefore know so much more about this specific subject than everyone else that they can only be deemed "scholars" on the subject.
Ex. 1
Scholarly debater 1:
"The other day my friend from Finland and I got in an argument over whether or not it was proper for Miklos Spanyi to use a piano forte rather than a period instrument such as the harpsichord in his recent recordings of Carl Philipp Emanuel Bach's keyboard concertos. We thought it would be on the news.. but it wasn't."
(sadly this is for the most part a true story)
Normal person: "The fuck are you talking about??"
Ex. 2
Scholarly debater 2
"More recent lab studies on Rhesus monkeys have suggested that old studies showing that cannabis damages the hippocampus were based on unsound and dishonest methods (not surprising since they were government sponsored) and that even at 100 times the amount that would get you high, there is actually a total lack of any long term effects on the hippscampus region of the brain."
Normal Person: "Hippo what?? fuck this, I'm going to go smoke a bowl."
Scholarly debater 1:
"The other day my friend from Finland and I got in an argument over whether or not it was proper for Miklos Spanyi to use a piano forte rather than a period instrument such as the harpsichord in his recent recordings of Carl Philipp Emanuel Bach's keyboard concertos. We thought it would be on the news.. but it wasn't."
(sadly this is for the most part a true story)
Normal person: "The fuck are you talking about??"
Ex. 2
Scholarly debater 2
"More recent lab studies on Rhesus monkeys have suggested that old studies showing that cannabis damages the hippocampus were based on unsound and dishonest methods (not surprising since they were government sponsored) and that even at 100 times the amount that would get you high, there is actually a total lack of any long term effects on the hippscampus region of the brain."
Normal Person: "Hippo what?? fuck this, I'm going to go smoke a bowl."
by Max Senalger August 25, 2011
Get the Scholarly debate mug.by Mommatrish May 24, 2018
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