sub-prime lender

sub-prime lender definition - finance
A bank or financial institution that specializes in issuing loans to individuals or businesses with poor credit ratings. Typically those people receiving sub-prime loans are required to pay higher interest rates than those paid by people with good credit ratings.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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