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subprime

One entry found.

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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