predatory lending

predatory lending definition - business

predatory lending

Abusive lending, often to borrowers who are unlikely to be able to meet the required payments and will, as a result, lose assets used as collateral. Predatory lending typically includes high fees and added charges for questionable products such as credit insurance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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