Stripper

(redirected from exotic dancer)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia, Wikipedia.

Stripper

Informal for a homeowner who re-finances his/her property in order to access the equity and spend it on consumer goods rather than investment. A stripper, rather than investing wisely with the equity, squanders his/her wealth while increasing debt. There are two main risks associated with being a stripper. The first is the possibility that the value of the home will begin to decrease, which will prevent any more re-financing. The second is the possibility that interest rates will rise, preventing re-financing at an affordable rate. Since many strippers live above their means, the realization of either of these risks could be devastating.
References in periodicals archive ?
I didn't see the sale process [with] my own eyes, but I wasn't told that I would be working as an exotic dancer or a prostitute.
Exotic Dancer landed the Bowl two years ago having long lived in the shadow of Kauto Star, and ran his usual honest race to finish second under Tony McCoy.
Exotic Dancer was third behind Nicholls' big two earlier this month, but connections are hopeful he can land the totesport Bowl for a second time following his success in the 3m If contest two years ago.
As Exotic Dancer headed the handicap for the Grand National with 11st 12lb, the weights will rise by at least 2lb.
Exotic Dancer has yet to get the better of Kauto Star in numerous encounters, but with a stronger gallop in the 2007 Gold Cup he would have given the winner more to do.
Paul Nicholls' 5-4 favourite Neptune Collonges led the field until falling two out, but Tony McCoy was right behind at the time and travelling easily on Exotic Dancer.
It is still a possible but at this moment I favour Voy Por in the King George and Exotic Dancer in the Lexus.
The seven-year-old will attempt to pull off a double last achieved by Exotic Dancer in 2006.
Exotic Dancer will be facing off with Kauto Star for the second successive year in the race after pushing him all the way in 2007, eventually going down by just half a length.
Old Vic, one place ahead of Exotic Dancer in Kempton's Christmas cracker, has been entered by David Pipe, along with stablemates Celestial Gold and Madison Du Berlais.
All eyes in the King George VI Chase will be on Kauto Star but I feel the champ's great rival Exotic Dancer (2.
ARGUMENTS about Kauto Star's jumping have raged all winter and, while Ruby Walsh is too brilliant not to get him round in the Gold Cup I believe the race will be set up for AP McCoy to come late and clinch it with Exotic Dancer.