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subprime

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subprime

Main Entry:: sub·prime
Pronunciation:: \ˈsəb-ˌprīm\
Function:: adjective
Date:: 1995

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>

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