jingle mail
Word Rarity
Rare
Frequency: Zipf frequency 3.20 in modern English
20
Scrabble Score
10
Letters
3
Syllables
8
Unique Chars
Meaning
noun
The practice of posting one's house keys back to the mortgage company because of negative equity or inability to pay mortgage investments.
Uncountable
Example Sentences
- ""There's going to be a lot of jingle mail this winter," Barnes says of owners who will simply pop their house keys in the mail in lieu of a mortgage check."
- "However, all four states have had the most overheated mortgage markets and reportedly the highest incidence of jingle mail."
- "Nouriel Roubini, one of Wall Street's most pessimistic seers, worries that the "forthcoming jingle-mail tsunami" could spawn $1 trillion-2 trillion of financial losses, creating a systemic banking crisis."
- "However, with all the jingle mail going on, there is a good chance you can sway the mortgage company with the correct psychology."