noun🔗ShareA subprime loan."Many people took out subprime loans to buy houses, even though they had a difficult time paying bills. "financebusinesseconomyChat with AIVocabulary GamePractice Reading
adjective🔗ShareLess than prime; inferior."Because Mark had a low credit score and a limited job history, he was only offered a subprime mortgage with a higher interest rate than someone with better credit. "businessfinanceeconomyChat with AIVocabulary GamePractice Reading
adjective🔗Share(now worldwide) Designating a loan (typically at a greater than usual rate of interest) offered to a borrower who is not qualified for other loans (for example, because of a poor credit history)."The bank offered a subprime loan to the student, despite his poor credit history, at a higher interest rate. "financebusinesseconomyinsuranceassetChat with AIVocabulary GamePractice Reading
adjective🔗ShareDesignating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers."The bank offered a subprime loan rate for the new student housing development. "financebusinesseconomyChat with AIVocabulary GamePractice Reading
