NINJA loan

Definition:

Acronym for No Income No Job or Assets. Loans made without any supporting documentation for income, employment or assets. Also see NINA loan, No docs.

Investing Essentials


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

Term of the Day

Agency theory

The analysis of principal-agent relationships, in which one person, an agent, acts on behalf of another person, a principal.

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