"low-doc loan" meaning in English

{
  "etymology_text": "From low + doc + loan.",
  "forms": [
    {
      "form": "low-doc loans",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "low-doc loan (plural low-doc loans)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "American English",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Australian English",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with 1 entry",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "other",
          "name": "Pages with entries",
          "parents": [],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Banking",
          "orig": "en:Banking",
          "parents": [
            "Finance",
            "Industries",
            "Business",
            "Economics",
            "Society",
            "Social sciences",
            "All topics",
            "Sciences",
            "Fundamental"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Finance",
          "orig": "en:Finance",
          "parents": [
            "Business",
            "Economics",
            "Society",
            "Social sciences",
            "All topics",
            "Sciences",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "coordinate_terms": [
        {
          "word": "no-doc loan"
        }
      ],
      "examples": [
        {
          "text": "2006, The Bulletin, Issues 6536-6544, page 61,\n“You can see it here in mortgages. Low-doc loans used to carry at least 1% or more of risk premium. As everybody [piled] in, that has been driven down to half a percent. These people do not have a verifiable income, and yet you can only expect them to be charged half a percent more on the interest rate.”"
        },
        {
          "ref": "2007, Barry Leonard, Consumer Handbook on Adjustable-Rate Mortgages, page 9:",
          "text": "In a no-doc or low-doc loan, the lender doesn′t require you to bring proof of your income, but you will usually have to pay a higher interest rate or extra fees to get the loan. Lenders generally charge more for no-doc/low-doc loans.",
          "type": "quote"
        },
        {
          "ref": "2011, Robert W. Kolb, The Financial Crisis of Our Time, page 56:",
          "text": "This kind of “no-doc loan” and its cousin, the “low-doc loan,” became quite prevalent. By 2006, low-doc loans accounted for more than one-third of all subprime mortgage originations.",
          "type": "quote"
        }
      ],
      "glosses": [
        "A loan or mortgage where the borrower provides only limited proof of their income."
      ],
      "id": "en-low-doc_loan-en-noun-UxMDBa8E",
      "links": [
        [
          "banking",
          "banking#Noun"
        ],
        [
          "finance",
          "finance#Noun"
        ],
        [
          "loan",
          "loan"
        ],
        [
          "mortgage",
          "mortgage"
        ],
        [
          "borrower",
          "borrower"
        ]
      ],
      "raw_glosses": [
        "(US, Australia, banking, finance) A loan or mortgage where the borrower provides only limited proof of their income."
      ],
      "related": [
        {
          "word": "subprime"
        }
      ],
      "synonyms": [
        {
          "word": "low doc loan"
        }
      ],
      "tags": [
        "Australia",
        "US"
      ],
      "topics": [
        "banking",
        "business",
        "finance"
      ]
    }
  ],
  "sounds": [
    {
      "audio": "en-au-low-doc loan.ogg",
      "mp3_url": "https://upload.wikimedia.org/wikipedia/commons/transcoded/b/b8/En-au-low-doc_loan.ogg/En-au-low-doc_loan.ogg.mp3",
      "ogg_url": "https://upload.wikimedia.org/wikipedia/commons/b/b8/En-au-low-doc_loan.ogg"
    }
  ],
  "word": "low-doc loan"
}

{
  "coordinate_terms": [
    {
      "word": "no-doc loan"
    }
  ],
  "etymology_text": "From low + doc + loan.",
  "forms": [
    {
      "form": "low-doc loans",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "low-doc loan (plural low-doc loans)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "subprime"
    }
  ],
  "senses": [
    {
      "categories": [
        "American English",
        "Australian English",
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "Pages with 1 entry",
        "Pages with entries",
        "en:Banking",
        "en:Finance"
      ],
      "examples": [
        {
          "text": "2006, The Bulletin, Issues 6536-6544, page 61,\n“You can see it here in mortgages. Low-doc loans used to carry at least 1% or more of risk premium. As everybody [piled] in, that has been driven down to half a percent. These people do not have a verifiable income, and yet you can only expect them to be charged half a percent more on the interest rate.”"
        },
        {
          "ref": "2007, Barry Leonard, Consumer Handbook on Adjustable-Rate Mortgages, page 9:",
          "text": "In a no-doc or low-doc loan, the lender doesn′t require you to bring proof of your income, but you will usually have to pay a higher interest rate or extra fees to get the loan. Lenders generally charge more for no-doc/low-doc loans.",
          "type": "quote"
        },
        {
          "ref": "2011, Robert W. Kolb, The Financial Crisis of Our Time, page 56:",
          "text": "This kind of “no-doc loan” and its cousin, the “low-doc loan,” became quite prevalent. By 2006, low-doc loans accounted for more than one-third of all subprime mortgage originations.",
          "type": "quote"
        }
      ],
      "glosses": [
        "A loan or mortgage where the borrower provides only limited proof of their income."
      ],
      "links": [
        [
          "banking",
          "banking#Noun"
        ],
        [
          "finance",
          "finance#Noun"
        ],
        [
          "loan",
          "loan"
        ],
        [
          "mortgage",
          "mortgage"
        ],
        [
          "borrower",
          "borrower"
        ]
      ],
      "raw_glosses": [
        "(US, Australia, banking, finance) A loan or mortgage where the borrower provides only limited proof of their income."
      ],
      "tags": [
        "Australia",
        "US"
      ],
      "topics": [
        "banking",
        "business",
        "finance"
      ]
    }
  ],
  "sounds": [
    {
      "audio": "en-au-low-doc loan.ogg",
      "mp3_url": "https://upload.wikimedia.org/wikipedia/commons/transcoded/b/b8/En-au-low-doc_loan.ogg/En-au-low-doc_loan.ogg.mp3",
      "ogg_url": "https://upload.wikimedia.org/wikipedia/commons/b/b8/En-au-low-doc_loan.ogg"
    }
  ],
  "synonyms": [
    {
      "word": "low doc loan"
    }
  ],
  "word": "low-doc loan"
}