NINA loan

Definition:

Acronym for No Income No Assets. Loans made without any supporting documentation for income or assets. Also see No docs.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Lapsed option

An option that no longer has any value because it has reached its expiration date without being exercised.

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