Coined in 2023. When someone in Canada cannot pay their mortgage and they haven't defaulted by banking standards. However, their loan balance is increasing and amortization is being pushed out because they cannot afford to pay (negative amortization). The default is happening in the shadows as it is not being picked up by regulators or the public. The person is in a shadow default.
Tom took out that variable rate mortgage in 2021 when he creamed his shorts to buy a house. He is now in shadow default as rates went up and he can't afford the mortgage.
by Market Mania September 5, 2023
Get the Shadow Defaultmug. Someone who is so shady that everywhere they go, shade follows them like a shadow. cast shade, shade, shadow, side eye, shadey, underhanded, doing people dirty, dirtbag, doing wrong, bad person, throwing shade, slim shadey
Kelly has got a permanent shade shadow that follows her everywhere she goes, she's done so many people wrong.
by joecoolthefool June 18, 2017
Get the shade shadowmug. A totally bitchin' 4 piece rock band from Hawley, Pennsylvania, which currently consists of Connor Nelson, Shane McKinney, Logan Siegfried, and Shane Losey. They got one album called Failures and Flatlines everywhere online and a even better reissue of it.
Person 1: Did you hear the new Shadows of Allowance album?
Person 2: yeah I'm currently having an existential crisis because of it.
Person 2: yeah I'm currently having an existential crisis because of it.
by Gef and Canoli February 3, 2018
Get the Shadows of Allowancemug. He is a rapper on C JAM. Be careful because he will get with your girl even if shes a dyke. Also has a fetish for 12-guage shotguns. He attends Sahali Secondary school and wants to be a rapper, he is white.....
by TheHAters420 December 16, 2015
Get the spoonie shadowmug. by thwickedninja December 1, 2020
Get the fallen shadowsmug. 1.The act of walking directly behind someone so when they open a door, you can slip through after them without having to hold it.
2. The act of walking directly behind someone so that when they open a door, they have no choice but to hold it open for you.
2. The act of walking directly behind someone so that when they open a door, they have no choice but to hold it open for you.
Dude, I was totally out of it this morning, so I door shadowed some chick for almost 10 minutes.
Man, I hate when people are door shadowing all over me.
Man, I hate when people are door shadowing all over me.
by Plethora Girl September 16, 2011
Get the Door Shadowingmug. by madoko_<3 June 14, 2023
Get the shadow rubymug.