What does jingle mail mean?
Definitions for jingle mail
jin·gle mail
This dictionary definitions page includes all the possible meanings, example usage and translations of the word jingle mail.
Wiktionary
jingle mailnoun
The practice of posting one's house keys back to the mortgage company because of negative equity or inability to pay mortgage investments.
Wikipedia
jingle mail
A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the property — the property has negative equity or is underwater — and is expected to remain so for the foreseeable future, such as following the bursting of a real estate bubble. Such borrowers are called walkaways. The process of strategically defaulting on a home mortgage has been colloquially called "jingle mail" — metaphorically, one mails the keys to the bank.
Numerology
Chaldean Numerology
The numerical value of jingle mail in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of jingle mail in Pythagorean Numerology is: 2
Translations for jingle mail
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"jingle mail." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/jingle+mail>.
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