liar’s loan n. money borrowed from a financial institution under false pretenses, especially in the form of a “stated income” or “no-doc” loan which can permit a borrower to exaggerate income. (source: Double-Tongued Dictionary)
Further reading
If you’re selling wolf tickets (or woof tickets), you’re not being truthful. The expression may arise from the old story about the boy who cried Wolf! when in fact there was none around. This is part of a complete episode. Transcript of...
Martita in San Antonio, Texas, is curious about the expression cool beans! meaning “that’s great!,” or “excellent.” This phrase was commonly used in the 1980s, and although the TV show Full House may have helped...