See low-doc loan in All languages combined, or Wiktionary
Download JSON data for low-doc loan meaning in English (3.2kB)
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"2": "low"
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{
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"2": "loan"
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"etymology_text": "From low + doc + loan.",
"forms": [
{
"form": "low-doc loans",
"tags": [
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"pos": "noun",
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"parents": [],
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"word": "no-doc loan"
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],
"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": "quotation"
},
{
"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": "quotation"
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],
"glosses": [
"A loan or mortgage where the borrower provides only limited proof of their income."
],
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"raw_glosses": [
"(US, Australia, banking, finance) A loan or mortgage where the borrower provides only limited proof of their income."
],
"related": [
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"word": "subprime"
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{
"word": "low doc loan"
}
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"tags": [
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{
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],
"etymology_text": "From low + doc + loan.",
"forms": [
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"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": "quotation"
},
{
"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": "quotation"
}
],
"glosses": [
"A loan or mortgage where the borrower provides only limited proof of their income."
],
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"(US, Australia, banking, finance) A loan or mortgage where the borrower provides only limited proof of their income."
],
"tags": [
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"synonyms": [
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"word": "low doc loan"
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"word": "low-doc loan"
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This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-05-01 from the enwiktionary dump dated 2024-04-21 using wiktextract (f4fd8c9 and c9440ce). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.
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