1 definition by JP4u
hobo = Home Owner Bought Out
it is the acronym for people from 'the Great Depression' who lost their homes when the banks called their loans due (as per the terms of the loan).
All legal, but totally sucks.
Has come to mean many things, mainly derogatory.
it is the acronym for people from 'the Great Depression' who lost their homes when the banks called their loans due (as per the terms of the loan).
All legal, but totally sucks.
Has come to mean many things, mainly derogatory.
Bank: "Mr. Smith, your loan has come due and we are not able to extend you any more credit."
Mr. Smith: "What can I do? The plant closed, my kids are sick and my wife ran off with the ex-plant manager."
Bank: "That's not our problem. Leave or the Sherif will remove you."
Mr. Smith: "Well kids, it's off to the poor house for you, Daddy's a hobo now."
Kids: Boo, hoo. . . .
Mr. Smith: "What can I do? The plant closed, my kids are sick and my wife ran off with the ex-plant manager."
Bank: "That's not our problem. Leave or the Sherif will remove you."
Mr. Smith: "Well kids, it's off to the poor house for you, Daddy's a hobo now."
Kids: Boo, hoo. . . .
by JP4u November 17, 2009