TagFinancial assistance

silent second

silent second  n.—Gloss: Someone who loans money to someone else in order to buy a home, usually to make them look like a good risk, without notifying the prime lender. «The holdback could be considered what is known as a silent second...

white wash

white wash  n.— «And therefore, you have to do a very detailed exercise and then do what is called white wash procedure. Under the white wash procedure, the directors of the company and have to make a statuary declaration that immediately...