This is the act of a company or salesperson who has taken a customer to a second rate lending institution or in the auto industry what is called a "mouse house". These lenders such as HFC or Lending Tree grant loans to people with substandard credit scores and then charge very high interest rates. Being dipped is the act of helping the purchaser to obtain the 2nd loan and get the down payment cash for the principal loan.
" Hey Fred, you client needs $2000K down and you will need to get them "dipped" if they don't have cash. "
" Their trade-in has $500 negative equity so get them dipped for $1500 which pay off their debt and give them a grand down if they don't have any cash."
" Their trade-in has $500 negative equity so get them dipped for $1500 which pay off their debt and give them a grand down if they don't have any cash."
by SeaPilot June 25, 2009
by John kite October 14, 2003
by Anonymous August 24, 2003
by Dan Manley December 04, 2006
by Hohiro April 03, 2003
During a slow dance, to lean over and make your partner bend way over backwards, often with a kiss on the lips or throat. A sexy, romantic move you can see in older movies.
"Wow, George and Sherry are crazy about each other. Did you see the way he dipped her last night at the school dance?"
A very slow sexy dip is shown during a ballroom dance in "The Joy Luck Club".
A very slow sexy dip is shown during a ballroom dance in "The Joy Luck Club".
by Jay Young January 15, 2004