Subprime Definition

sŭbprīm
sub-prime
adjective
Designating or of mortgage loans made to higher-risk borrowers, as those with poor credit ratings, who typically pay higher interest rates.
Webster's New World

Other Word Forms of Subprime

Noun

Singular:
subprime
Plural:
subprimes

Origin of Subprime

  • sub– prime (from the fact that loans with high interest rates are offered to nonpreferred or less creditworthy borrowers)

    From American Heritage Dictionary of the English Language, 5th Edition

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