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
In the thriller Down Cemetery Road starring Emma Thompson, a character uses the Briticism safe as houses, meaning “quite safe,” an expression thought to derive either from the sturdiness of a house or the sense of real estate as a secure investment...
David from Kalamazoo, Michigan, is a former truck driver who remembers that his fellow users of CB radio tended to sound similar, no matter what part of the country they were from. Is there such a thing as an occupational accent? Many of those truck...