Top 10 English Slangs for Loan Counselor

Top 10 English Slangs for Loan Counselor 1. Cash Cow This term refers to a product or service that consistently generates a high profit. In the lending context, it could be a loan product that has a low risk of default and brings in substantial interest income for the lender. 2. Underwater When a borrower owes more on a loan than the current value of the asset securing it, we say the loan is 'underwater'. It's a situation that poses a higher risk for the lender as the collateral may not be sufficient to cover the outstanding debt. 3. Balloon Payment A balloon payment is a large, lump-sum payment that is due at the end of a loan term. It's often used in certain types of loans, like mortgages, where the regular payments are lower, but the final payment is significantly higher. 4. White Knight In the context of mergers and acquisitions, a 'white knight' is a company that comes to the rescue of another company facing a hostile takeover. They offer a more favorable deal to the target company, protecting it from the takeover. 5. Golden Handcuffs