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have hair

have hair
 v. phr.— «The assets that bid include both nonperforming subprime and performing mortgages that Mr. Roth says “have hair on them.” (A loan that has “hair” has been kicked out because of underwriting or guideline problems.)» —“Buybacks Creating Opportunities for Some Investors” REI Research Online Jan. 15, 2007. (source: Double-Tongued Dictionary)

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