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
Nutshot
It is said of the situation where a person has the bad luck to make contact with his testicles against an undefined surface or object, intentioned or not.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Given the nature of the word, it is more appropriate to design cases where the interaction is made with a moving object, for example, a ball.
Although it is extremely painful for the victim, it tends to be considerably funny to people who witness it.
Today in the baseball game the pitcher took a nutshot; the baseball hit him in the nuts.
Man, I just watched the funniest nutshot video ever.
Man, I just watched the funniest nutshot video ever.
Nutshot by Uberflaven March 1, 2009
Word of the Day on June 26, 2026
Nerd neck
A "human" that spends so much time playing video games that their posture is level nerd neck. Everytime anyone goes tryhard they hunch down and their neck gets longer there fore a nerd neck is always hunched down cause they're always going try hard. In other words a nerd neck is a try hard, since their neck is 100% longer than the average human being due to playing too many video games and taking them serious, nerd necks are not even considered human anymore but something more sad. Nerd necks are often found on fortnite, their natural habitat usually being tilted towers.
Nerd neck by D Sandwich Maker February 5, 2019
Word of the Day on June 25, 2026
prickup
slip of the tongue perhaps,
Those idiots who drive around in a ridiculously raised pick up truck, making a top heavy vehicle even more top heavy and unstable
Those idiots who drive around in a ridiculously raised pick up truck, making a top heavy vehicle even more top heavy and unstable