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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
/ ˈʌˌɪ /
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
Example Sentences
The spokesperson told me by email, “Any claim that there are subprime conditions at ICE detention centers are false.”
Subprime 2.0 has manifested, and crypto’s the culprit.
One doesn't need to know all the intricate finance lingo about "subprime mortgages" and investment "bundles" to understand why we must keep regulators in power who will prevent such shenanigans in the future.
It was established in 2011 as part of reforms after the upheaval of the Great Recession in 2007-8, which was triggered in part by a crash in the US subprime mortgage lending market.
If you thought the housing market of the early 2000s was a bubble, backed as it was by worthless subprime mortgages, wait until you see the crypto bubble.
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