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liar's mortgage

Noun CEFR B2

Definitions

A stated-income (US) or self-certificated (UK) loan secured by a mortgage granted without the lender verifying information provided by the applicant as to financial or employment status.

derogatory, informal, no-plural

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

liar's poker liard liarozole Liars lias Liasic

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