A Ninja Loan is a type of subprime loan. It was described as No Income, No Job, (and) no Assets loan because only things applicant had to show was his/her credit rating.
The phrase was coined by HCL Finance as a name for one of their finance products. They were especially prominent during the United States housing bubble of the 2000s but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices2. The term grew in usage during the 2008 financial crisis as the sub prime mortgage crisis was blamed on such loans. It works on two levels - as an acronym; and allusion to the fact that ninja loans are often defaulted on, with the borrower disappearing like a ninja.
The phrase was coined by HCL Finance as a name for one of their finance products. They were especially prominent during the United States housing bubble of the 2000s but have gained wider notoriety due to the subprime mortgage crisis in July/August 2007 as a prime example of poor lending practices2. The term grew in usage during the 2008 financial crisis as the sub prime mortgage crisis was blamed on such loans. It works on two levels - as an acronym; and allusion to the fact that ninja loans are often defaulted on, with the borrower disappearing like a ninja.
Business dude 1: "Hey did you hear? Mike borrowed 50 grands then took off for Columbia!"
Business dude 2: "Haha, I expected that; he sure pulled off a nice ninja loan!"
Business dude 2: "Haha, I expected that; he sure pulled off a nice ninja loan!"
by Leingod March 24, 2010
Get the Ninja loanmug. by love is my weapon<3 June 21, 2009
Get the ninja hugmug. A mythical hero who protects other hookers from abusive and or cheap clients. Usually uses penis deforming ninja weapons.
The married, sucessful, CEO didn't want to pay Bubbles, so she called upon a ninja hooker, who then mutilated the poor soul with her medieval weaponary.
by El Guero Canijo May 20, 2011
Get the Ninja Hookermug. 
The act of looting an item off a monster that you or your party has recently killed before anyone else has a chance.
by Oberon March 31, 2003
Get the ninja lootmug. by Carl Flatbawls May 21, 2008
Get the Drink Ninjamug. 1) To go out and ninja in the night.
2) To pork a girl, at night(or somewhere dark), with blinding speed.
3) To frolic amongest the treetops.
2) To pork a girl, at night(or somewhere dark), with blinding speed.
3) To frolic amongest the treetops.
Ninja_Matty: We must go out and ninja in the night.
teh_ninja_naf: Agreed. Let me get my boomarang
Ninja_Matty: I'll get our ninjaroos mounts! =D
teh_ninja_naf: Agreed. Let me get my boomarang
Ninja_Matty: I'll get our ninjaroos mounts! =D
by Matthew Larsen February 23, 2005
Get the Ninja in the Nightmug.