zombie lending

Meanings

• noun

  A type of lending where borrowers are expected to repay their debts but are unable to do so due to financial distress, resulting in a situation similar to dealing with the undead in popular culture.

  - "Due to the economic crisis, many people found themselves in a situation of zombie lending."
  - "The government announced new regulations to prevent the spread of zombie lending in the banking sector."

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Variants

List of all variants of zombie lending that leads to same result
lend , lendable , lender , lenders , lending , lends , lent , lending libraries , lending library , rental libraries , rental library

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'zombie lending' is a metaphorical extension of the concept of a 'zombie' in popular culture, which refers to an entity that is alive but not fully functioning or in control of its actions, applied to the context of lending and debt.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'zombie lending' was first used in a 2009 article in The Economist.

2. Zombie lending is not limited to consumer debt and can also apply to corporate debt.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. subprime lending: Zombie lending is closely related to subprime lending, which refers to the practice of extending credit to borrowers who have a higher risk of default. Zombie lending can be seen as a result of subprime lending gone wrong, where borrowers were unable to repay their debts despite initial creditworthiness assessments.

2. debt crisis: Zombie lending is a significant contributor to debt crises, both on an individual and a macroeconomic level. The inability of borrowers to repay their debts can lead to a ripple effect, affecting the stability of financial institutions and the broader economy.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Zombie lending is a term that gained popularity during the 2008 financial crisis, when many borrowers were unable to repay their debts due to economic hardship. The term reflects the sense of powerlessness and despair that these individuals felt, as well as the fear that their debts would continue to 'feed' on them, much like a zombie.

How to Memorize "zombie lending"

1. visualize
   

   - Imagine a person drowning in debt, unable to keep up with repayments. This is what zombie lending looks like.

2. associate
   

   - Associate the term 'zombie' with the feeling of being trapped and unable to move forward, in this case, due to debt.
   - Think of the term 'lending' and imagine a person extending a hand with an offer of help, but in the case of zombie lending, this help comes with a hidden cost that keeps the borrower in a state of financial distress.

3. mnemonics
   

   - ZOM-BIE: Zombie Lending – Overextended Borrowers In Extreme Debt

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