liar’s loan

liar’s loan
 n.— «With the advent of “no-doc” and “stated-income” loans—sometimes dubbed the “liar’s loan”—versus full-income disclosure, lenders increasingly face potential exposure to a smorgasbord of what the FBI calls fraud for profit.» —“Grappling with Loan Quality” by Kevin Coop Mortgage Banking Feb. 1, 2005. (source: Double-Tongued Dictionary)

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Further reading

Fair to Middling, Like Decent Livestock

A Havertown, Pennsylvania, listener wonders why her mother used to answer queries about how she was doing with phrase that sounded like either fair to midland or fair to middling. Middling has long meant “just OK” or “right in the middle,” and the...