Stripper

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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 ?
from her parents and beating and compelling her to work as an exotic dancer and prostitute in Dubai.
Barry Simpson, racing manager to owner Sir Robert Ogden said: "I think the aim with Exotic Dancer is the totesport Bowl where he will face Denman.
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.
Future plans remain undecided but Exotic Dancer was trimmed to 12-1 from 33s with Ladbrokes, and the same price from 20-1 with Coral, for the Cheltenham Gold Cup - a race in which he finished runner-up last year.
If it was the Gold Cup it wouldn't be an issue but there is an alternative for Exotic Dancer and we might just take that route.
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.
Both Exotic Dancer and Racing Demon are set to sidestep another clash with Kauto Star in the totesport Cheltenham Gold Cup.
TONY McCoy and Jonjo O'Neill foiled an ante-post gamble on Vodka Bleu as Exotic Dancer stormed to victory in the Paddy Power Gold Cup at Cheltenham.