SUBPRIME

subprime

Noun

  1. A subprime loan.

Adjective

  1. Less than prime; inferior.
  2. (now worldwide) Designating a loan (typically at a greater than usual rate of interest) offered to a borrower who is not qualified for other loans (e.g. because of poor credit history).
  3. Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.


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