informal a type of high-risk loan issued to borrowers with no income, no job, and no assets
Has The Word “Ninja” Been Culturally Appropriated?Clearly, we celebrate ninjas, but it’s worth examining how we use the word and whether or not we’re respecting its origins.
Word Origin for ninja loan
C21: from n(o) in(come no) j(ob no) a(ssets)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012