subprime


sub·prime

adjective \ˈsəb-ˌprīm\

Definition of SUBPRIME

1
:  having or being an interest rate that is higher than a prime rate and is extended especially to low-income borrowers <subprime mortgages>
2
:  extending or obtaining a subprime loan <subprime lenders> <subprime borrowers>

First Known Use of SUBPRIME

1995

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