subprime

adjective
sub·​prime | \ ˈsəb-ˌprīm How to pronounce subprime (audio) \

Definition of subprime

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 : extending or obtaining a subprime loan subprime lenders subprime borrowers

Examples of subprime in a Sentence

Recent Examples on the Web Fewer people are in subprime credit-score brackets than when the pandemic began. Annamaria Andriotis, WSJ, 19 May 2022 The Great Recession, which ran from December 2007 to June 2009, was caused by a financial-industry meltdown tied to the subprime mortgage fiasco. oregonlive, 19 Apr. 2022 That compares with 26% of white homebuyers getting subprime loans. AZCentral.com, 18 Apr. 2022 In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products. Swapna Venugopal Ramaswamy, USA TODAY, 31 Mar. 2022 Under the terms of the settlement, Navient will cancel more than $1.7 billion in subprime private student loans owed by over 66,000 borrowers nationwide, Shapiro said. Steve Leblanc, chicagotribune.com, 13 Jan. 2022 Delinquencies on subprime car loans and leases hit an all-time high in February, based on Equifax’s tracking that goes back to 2007. Annamaria Andriotis, WSJ, 19 May 2022 This is not a repeat of the subprime mortgage boom and subsequent bust. Paul R. La Monica, CNN, 17 May 2022 The Great Recession, which ran from December 2007 to June 2009, was caused by a financial-industry meltdown tied to the subprime mortgage fiasco. oregonlive, 19 Apr. 2022 See More

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, in the meaning defined at sense 1

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Time Traveler for subprime

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The first known use of subprime was in 1995

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Dictionary Entries Near subprime

subprimate

subprime

subprincipal

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Statistics for subprime

Last Updated

15 Jun 2022

Cite this Entry

“Subprime.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/subprime. Accessed 1 Jul. 2022.

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More Definitions for subprime

subprime

adjective
sub·​prime | \ ˈsəb-ˌprīm How to pronounce subprime (audio) \

Legal 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

More from Merriam-Webster on subprime

Nglish: Translation of subprime for Spanish Speakers

Britannica English: Translation of subprime for Arabic Speakers

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