liar’s loan
n.— «Over half of subprime mortgages are stated-income loans, loans which the industry often refers to as “liars loans.” The question is, who’s lying? According to a survey of over 2,000 mortgage brokers, 43% of brokers who make these loans do so because they know that their borrowers don’t have the income to qualify for the loan.» —“Hearing On Preserving The American Dream: Predatory Lending Practices And Home Foreclosures” by Christopher Dodd OpEdNews.com Feb. 7, 2007. (source: Double-Tongued Dictionary)
Further reading
The word nurdle, sometimes spelled nerdle, can be used to denote various “small bits of things,” such as styrofoam packing material or detritus in one’s pockets. It may be related to the word nodule. Like thingamabob and whatsit...
When you had sleepovers as a child, what did you call the makeshift beds you made on the floor? In some places, you call those bedclothes and blankets a pallet. This word comes from an old term for “straw.” And: What’s the story...