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subprime

[suhb-prahym] /sʌbˈpraɪm/
adjective
1.
being of less than top quality:
a subprime grade of steel.
2.
being below a prime rate:
banks engaging in subprime lending.
Origin
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for subprime
  • Today's panic was triggered by the surprising discovery of higher defaults on subprime mortgages than anybody expected.
  • Seems to me this has many parallels for our subsidizing a home for everyone, via subprime loans.
  • With so many subprime borrowers now behind on their payments, the pain is trickling through the system.
  • The subprime mortgage explanation for the crisis is overblown.
  • subprime-mortgage-backed securities are a case in point.
  • Once the subprime woes became obvious optimists still argued that their economic impact would be limited.
  • The subprime crisis has tarred the dollar as a subprime currency.
  • In his view, the proximate cause of this wealth decline was subprime and predatory lending.
  • But faith in these scores has dwindled since the subprime crisis.
  • And the subprime-triggered global financial crisis and recession.
British Dictionary definitions for subprime

subprime

/ˈsʌbˌpraɪm/
adjective
1.
(of a loan) made to a borrower with a poor credit rating, usually at a high rate of interest
noun
2.
a loan made to a borrower with a poor credit rating
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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