NINJA loan

NINJA loan
A subprime loan issued to borrowers with no job, income, or assets.

No competent banker would make a NINJA loan unless he was faced with a Governmental Carrot, a Governmental Stick, or a combination of both.


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  • ninja loan — n. A loan or mortgage given to a person who has no income, no job, and no assets. Also: NINJA loan. [From the phrase, No Income, No Job or Assets.] Example Citations: It s not as though the absurd excesses of the mortgage market were some big… …   New words

  • NINJA Loan — A slang term for a loan extended to a borrower with no income, no job and no assets . Whereas most lenders require the borrower to show a stable stream of income or sufficient collateral, a NINJA loan ignores the verification process. A NINJA… …   Investment dictionary

  • ninja loan — /nɪndʒə ˈloʊn/ (say ninjuh lohn) noun a loan made with no consideration of the ability of the borrower to repay. {an acronym formed from N(o) I(ncome,) N(o) J(ob, No) A(ssets)} Usage: This is a recent coinage, with widespread currency in 2008 …  

  • Ninja in popular culture — People dressed as ninja, wearing black hooded costumes, during the Himeji Castle Festival in Himeji, Hyōgo Prefecture, Japan. Ninja are common stock characters in both Japanese and international popular culture. The cultural references listed… …   Wikipedia

  • ninja — noun [C] BANKING, FINANCE ► abbreviation for no income, no job or assets; a loan such as a mortgage that is given to a person who does not have a regular income or any securities, or a person like this who borrows money: »a ninja… …   Financial and business terms

  • Ninja (disambiguation) — A ninja was a secret agent and/or mercenary of feudal Japan specializing in unorthodox arts of war. Ninja may also refer to: Contents 1 Acronyms 2 Books 3 …   Wikipedia

  • liar loan — n. A loan or mortgage provided without requiring documentation from the borrower. Example Citations: Last year almost forty per cent of subprime borrowers were able to get liar loans mortgages that borrowers can get simply by stating their income …   New words

  • Teenage Mutant Ninja Turtles — TMNT redirects here. For the 2007 film, see TMNT (film). For other uses, see Teenage Mutant Ninja Turtles (disambiguation). Teenage Mutant Ninja Turtles Clockwise from top: Leonardo, Michelangelo, Donatello, and Raphael Publication information …   Wikipedia

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  • Table of Teenage Mutant Ninja Turtles character appearances — This table shows a list of characters and their appearances on nine of the major incarnations of the Teenage Mutant Ninja Turtles (TMNT) franchise. TOC OriginsThe Teenage Mutant Ninja Turtles originated in an American comic book published by… …   Wikipedia

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