ninja loan
An acronym for a loan given to a person designated as "No income, no job or assets;" hence - N-I-N-J-A.
ninja loan by Joe Rodolico September 23, 2007
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Ninja loan
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!"
Ninja loan by Leingod March 24, 2010
Related Words
ninja loan • Ninjalante • Ninja • ninja'd • ninja turtle • ninja dust • ninja fart • ninja shit • Ninja vanish • Ninja boot
Ninjalante
One who is covert & skilled in the ways of attaining justice, esp. via internet protocol & social networking sites.
A ninjalante is a person who walks a fine line with the law in order to exact what they believe to be justice from criminals, because they think that the criminal will not be caught or will not be sufficiently punished by the legal system.
Ninjalante by Black Floyd March 31, 2009
How bout dem knicks?
A phrase referring twoard the New York Knicks.
Its usually said to break an unplesent moment of silence.
Its usually said to break an unplesent moment of silence.
How bout dem knicks? by Flame060 March 28, 2005
Word of the Day on June 8, 2026
Power Couple
A relationship between two people who are equally as cool as each other. They are as individually awesome and fun to be around as they are when they are together.
Neither one depends on the other for their feelings of self worth- they know in their heart that they are just as valuable to the world as the other. Good looking, optimistic, and sparks a light in the world that people recognize that goes beyond a normal relationship.
In a power couple, if one person is flawed, the other person makes up for their weaknesses in strength. Together they are the epitome of what anyone would desire in a relationship. They encourage goodness in the world and make it a better place by being together.
Neither one depends on the other for their feelings of self worth- they know in their heart that they are just as valuable to the world as the other. Good looking, optimistic, and sparks a light in the world that people recognize that goes beyond a normal relationship.
In a power couple, if one person is flawed, the other person makes up for their weaknesses in strength. Together they are the epitome of what anyone would desire in a relationship. They encourage goodness in the world and make it a better place by being together.
I'm a fan of those two, they are such a power couple, the epitome of what anyone would want in a relationship.
I am envious of them because they are a power couple.
I am envious of them because they are a power couple.
Power Couple by Pina28 May 23, 2012
Word of the Day on June 7, 2026
Shackteâu
A Shackteau is a humble, weather-beaten, structurally questionable shelter located in a spectacular or highly coveted place—Wales, Jackson Hole, Sun Valley, Crested Butte, coastal Maine, the Alps—where the building itself may be worth almost nothing, but the dirt, view, access, and mythology make it absurdly valuable.
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