Ever Heard of an "Application for Debt"?
May 28, 2008 |
Posted By Editor
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How we talk about credit goes a long way in revealing our attitudes toward using it responsibly. From Urban Word of the Day comes a new term to describe the junk mail flood of credit card applications.
Application for Debt:An of offer of credit from a financial institution.
Wife: What did we get in the mail today?
Husband: Just an Application for Debt.
The original definition can be found on the Urban Dictionary. For more serious definitions of common bankruptcy terms, visit the Total Bankruptcy Glossary.
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