ninja 

Usually to qualify for a mortgage, borrowers need income,a job or assets.

A ninja mortgage is a type of mortgage granted to people with none of the above, hence:

No
Income
No
Job or
Assets

Without income, jobs or assets, it's hard to pay back a mortgage. Many ninja loans became subprime when peeps couldn't refinance their loans.

These peeps are now ninjah

Borrower: Gee, I'd like to buy a house, but I have no job or income... can you help me ?
Mortgage broker: With a ninja mortgage you don't need to prove you have income or a job, we don't even need a downpayment since the value of your house will always go up!
Borrower: Awesome!

ninja by ptr March 3, 2008

ninja 

Two Words: Chuck Norris

Thats fucking Chuck Norris. He will fuck you up 'cause he is a Ninja.

ninja by GOAT19821 March 14, 2008

ninja 

a student who is on the school's tennis team. so named because they often carry their tennis rackets in their backpacks or at their hips with the handle facing up, like a katana or sword. used most often by members of other sports teams on campus to easily identify a tennis player.

"you see tom?"
"yea"
"he's a ninja, you can tell by his racket".

ninja by SuperNickTurlockCA April 11, 2011

ninja 

a person with awesome skill at anything

dude u r so frikin ninja at CoD

ninja by emaster t December 25, 2008

ninja 

a racial term referring to african american people when you don't want them to know when you are talking about them in a public place.

Damn, there is alot of ninjas in the club tonight.

ninja by jake. October 22, 2007

Ninja 

A. Adjective. Slang term for a friend. Derived from the word Nigga, Ninja is a more politically correct term to use but imply's the same thing. A T-Shirt highlighted in the movie Bench warmers stated "Strictly For My Ninjas" Playing on the words of the hit rap song "strictly 4 my niggaz" performed by 2 Pac. See also Nin.

B. Noun. Slang term for an American Muslim woman in full garb.

A. What up Ninja?

B. Oh look our hostess at Applebees tonight is a Ninja.

Ninja by Brian Patterson May 16, 2007

Ninja 

A Japanese Land Pirate.

That Ninja just flipped out and killed people.

Ninja by Zack From O-Town May 17, 2007