subprime

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adjective sub·prime \ˈsəb-ˌprīm\

Definition of subprime

  1. 1 :  having or being an interest rate that is higher than a prime rate and is extended chiefly to a borrower who has a poor credit rating or is judged to be a potentially high risk for default (as due to low income) subprime mortgages a subprime loan

  2. 2 :  extending or obtaining a subprime loan subprime lenders subprime borrowers

Recent Examples of subprime from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'subprime'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of subprime

1995


Law Dictionary

subprime

play
adjective sub·prime \ˈsəb-ˌprīm\

Legal Definition of subprime

  1. 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. 2 :  extending or obtaining a subprime loan subprime lenders subprime borrowers



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