Home » Dictionary » silent second

silent second

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)

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Mystery Date (episode #1577)

A librarian opens a book and finds a mysterious invitation scribbled on the back of a business card. Another discovers a child’s letter to the...

Money Spider

A money spider, also known as a money spinner, is a tiny arachnid that dangles from a thread overhead. Don’t swat at it! According to folklore...

Cool Beans (episode #1570)

If you speak a second or third language, you may remember the first time you dreamed in that new tongue. But does this milestone mean you’re...

Hot as Flugens

Squire in Murray, Kentucky, wonders about the expression hot as flugens, meaning “really hot.” The term flugens serves as an emphasizer...

Recent posts