low-doc loan

Etymology
From +  +.

Noun

 * 1)  A loan or mortgage where the borrower provides only limited proof of their income.
 * 2) * 2006, The Bulletin, Issues 6536-6544, |%22low-doc+loans%22+-intitle:%22%22+-inauthor:%22%22&dq=%22low-doc+loan%22|%22low-doc+loans%22+-intitle:%22%22+-inauthor:%22%22&hl=en&sa=X&ei=KA6lT9vJF8LTmAWQ9c3hBA&redir_esc=y page 61,
 * “You can see it here in mortgages. Low-doc loans used to carry at least 1% or more of risk premium. As everybody [piled] in, that has been driven down to half a percent. These people do not have a verifiable income, and yet you can only expect them to be charged half a percent more on the interest rate.”