credit mule

noun

Etymology

From credit + mule.

  1. derived from *mukslós
  2. derived from mūlus
  3. inherited from mūl
  4. derived from mule
  5. inherited from mule
  6. compounded as credit mule — “credit + mule

Definitions

  1. A victim of fraud persuaded to use their own name and information to obtain an expensive…

    A victim of fraud persuaded to use their own name and information to obtain an expensive item with credit contract attached, such as a smartphone. The victim, or "mule", is paid on giving the item to the fraudster, and is assured the contract will be cancelled, but it is not. Thus, the victim acquires a debt while the fraudster can sell the item at a large profit.

The neighborhood

Vish — recursive loop

No curated loop yet for credit mule. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA