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subprime
[ suhb-prahym ]
adjective
- being of less than top quality:
a subprime grade of steel.
- being below a prime rate:
banks engaging in subprime lending.
subprime
/ ˈsʌbˌpraɪm /
adjective
- (of a loan) made to a borrower with a poor credit rating, usually at a high rate of interest
noun
- a loan made to a borrower with a poor credit rating
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Example Sentences
Eventually, Cuomo entered the Clinton administration, and as HUD secretary sowed the seeds of the subprime mortgage catastrophe.
From The Daily Beast
“These are not subprime mortgages,” he said of his portfolio that stretched from shipyards to oil rigs.
From The Daily Beast
Hedge funds it owned, which had employed vast leverage to bet on subprime bonds, loudly blew up in the summer of 2007.
From The Daily Beast
“Right after the subprime mortgage crisis, it was all really up in the air,” he says.
From The Daily Beast
Imagine, for instance: We had a governor of New York who was looking into the subprime mortgages, in D.C. testifying on that.
From The Daily Beast
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