subprime — ¦səbˌ adjective Etymology: sub + prime (II) : of, relating to, or being the issuing of credit to borrowers with poor credit ratings subprime lending a subprime borrower … Useful english dictionary
Subprime lending — Subprime redirects here. For the 2007 house mortgage crisis, see Subprime mortgage crisis. In finance, subprime lending (also referred to as near prime, non prime, and second chance lending) means making loans to people who may have difficulty… … Wikipedia
subprime loan — n. A loan made to an individual who cannot obtain a loan from a traditional lender at market rates due to a low credit rating, typically made at a higher interest rate to offset the risks incurred by the lender. The Essential Law Dictionary.… … Law dictionary
Subprime mortgage crisis — Part of a series on: Late 2000s financial crisis Major dimensions … Wikipedia
Subprime Loan — A type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans. Quite often, subprime borrowers are often turned away from traditional lenders because of their low credit ratings or other factors that… … Investment dictionary
Subprime Rates — Interest rates charged to subprime borrowers, such as on loans to people with poor credit scores from one or more credit bureau. Subprime rates will be higher than prime rates for the same type of loan, although there is no exact amount or spread … Investment dictionary
Subprime crisis background information — This article provides background information helpful to understanding the subprime mortgage crisis. It discusses subprime lending, foreclosures, risk types, and mechanisms through which various entities involved are affected by the crisis.A plain … Wikipedia
Subprime Mortgage — A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the borrower s lowered credit rating, a conventional mortgage is not offered because the lender views the borrower as having a larger than average … Investment dictionary
Subprime Auto Loan — A type of auto loan approved for people with substandard credit scores or limited credit histories. There is no official cutoff score for prime versus subprime, but it should be noted that these loans carry higher interest rates than equivalent… … Investment dictionary
Subprime Credit Card — A type of credit card issued to people with substandard credit scores or limited credit histories. These cards will typically carry much higher interest rates than credit cards granted to prime borrowers; they also come with extra fees and lower… … Investment dictionary
