scratch and dent loan
n.— «A company that invests in high-yield real estate debt is looking to buy loans that have been “kicked out” of commercial MBS deals. Midwest Equities of St. Louis has initially allotted $50 million for the purchase of “scratch and dent” loans.» —“Firm Plans to Buy Loan “Kickouts”” Commercial Mortgage Alert Aug. 7, 2000. (source: Double-Tongued Dictionary)
Further reading
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