TeachMeFinance.com - explain Black book
Black book -- In financial vernacular when a person has lost
his credit, as by failure to meet his financial obligations, he is
said to be in the black book or on the black list. The black
book or black list is a private book kept by a bank or other
financial institution containing (a list of) the names of discredited
borrowers of money.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.