| Definitions | | low-doc loan |
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noun
- (finance) A loan or mortgage where the borrower provides only limited proof of their income.
- 2006: Low Doc loans are a flexible solution for self-employed people who have income and assets, but are unable to provide the required financial statements or tax returns at the time of application. — w:Suncorp, Suncorp, Low Documentation Loans product page http://www.suncorp.com.au/suncorp/home_loans/types/low_doc_loan.html
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