subprime

Definitions of "subprime"
  1. The term for an interest rate that exceeds the prime rate, usually applied to loans given to borrowers with low income
  2. The act of giving out or receiving a loan with an interest rate higher than the standard prime rate
How to use "subprime" in a sentence
  1. Due to their low income, they could only qualify for a subprime loan.
  2. The bank was accused of predatory lending for its widespread use of subprime loans.
  3. Despite the risks, some investors are drawn to the high interest yields of subprime loans.

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