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informal a type of high-risk loan issued to borrowers with no income, no job, and no assets
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Word Origin for ninja loan
C21: from n(o) in(come no) j(ob no) a(ssets)
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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