Home > Terms > English, UK (UE) > Contract knavery

Contract knavery

Inserting provisions into a loan contract that severely disadvantage the borrower, without the borrower's knowledge, and sometimes despite oral assurances to the contrary.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Banking
  • Category: Mortgage
  • Company:
  • Product:
  • Acronym-Abbreviation:
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