ðæt mˌeɪks ɪɾ ɐn ɛkspˈɛnsɪv, hˈaɪɹˈɪsk faɪnˈænsɪŋ ˈɪnstɹəmənt sˈɪns ðə sˈaɪz ʌvðə dˈɛt mˈeɪ ɪŋkɹˈiːs kwˈɪkli, lˈiːvɪŋ lˈɛndɚz wɪð bˈɪɡ lˈɔsᵻz ɪf ðə bˈɑːɹoʊɚɹ ɪz ʌnˈeɪbəl tə pˈeɪ bˈæk ðə lˈoʊn.
That makes it an expensive, high-risk financing instrument since the size of the debt may increase quickly, leaving lenders with big losses if the borrower is unable to pay back the loan.