scratch and dent loan n. a loan or mortgage that has become a risky debt investment, especially one secured with minimal documentation or made by a borrower who has missed payments. (source: Double-Tongued Dictionary)
Further reading
Oofless is an antiquated bit of British slang that describes someone temporarily short on cash. It’s from ooftisch, a Yiddish-derived term for “cash placed on the table,” from German auf Tisch. This is part of a complete episode. Transcript of...
Default as a noun and default as a verb are the same word, with a familiar English stress shift: nouns often take first-syllable stress, while verbs often take second-syllable stress, as with the different pronunciations of record. A New York City...