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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

Discrepancy

Any deviation from the conditions stipulated in a letters of credit. Discrepancies void letter of credit protection.

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