silent second
n.—Gloss: Someone who loans money to someone else in order to buy a home, usually to make them look like a good risk, without notifying the prime lender. «The holdback could be considered what is known as a silent second, which is illegal. Many private lenders have gone to jail in the past because they lent money to a homebuyer to assist in the purchase but did not advise the prime lender of this fact.» —“Owners have options in lease-to-own deals” by Benny L. Kass Richmond Times-Dispatch (Virginia) Mar. 8, 2009. (source: Double-Tongued Dictionary)
- Care Package (episode #1511) 11/12/2018: Sending someone a care package shows you care, of course. But the first care packages were boxes of food and personal items for survivors of... [more]
Ding-Ding Man (episode #1509) 10/29/2018: In 1803, a shy British pharmacist wrote a pamphlet that made him a reluctant celebrity. The reason? He proposed a revolutionary new system for classifying... [more]
Take Tea for the Fever (episode #1508) 10/22/2018: Silence comes in many forms. Writer Paul Goodman says there is, for example, the noisy silence of "resentment and self-recrimination," and the helpful, participatory silence... [more]
Sundog (episode #1507) 10/15/2018: A clever pun can make the difference between a so-so phrase and a memorable one. The phrase "the last straw" refers to an old fable... [more]
Oh, For Cute! (episode #1506) 10/08/2018: A stereotype is a preconceived notion about a person or group. Originally, though, the word stereotype referred to a printing device used to produce lots... [more]
You must log in to post a comment.