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subprime

 

Definitions from the Web

Subprime

Definition: Referring to loans or borrowers with below-average credit ratings, subprime typically includes higher interest rates and carries a greater risk of default compared to prime loans or borrowers.

Noun

Sense: A subprime borrower or loan.

Example Sentence: Many financial institutions offer subprime mortgages to individuals who do not qualify for prime loans.

Related Products: Subprime Mortgages, Subprime Loans

Adjective

Sense 1: Having below-average credit or a higher risk of default.

Example Sentence: The subprime lending crisis of 2008 contributed to a significant economic downturn.

Related Products: Subprime Credit, Subprime Risk

Sense 2: Less than the highest quality or standard.

Example Sentence: The subprime materials used in construction resulted in numerous structural issues.

Related Products: Subprime Materials, Subprime Quality

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