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 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 crisis impact timeline — The subprime crisis impact timeline includes government laws, regulations and entities and their effect on private institutions; information and statistics about governmental and private activities and trends; and details of important incidents,… … Wikipedia
Subprime Mortgages: A Catalyst for Global Chaos — ▪ 2008 One version of chaos theory opines that a butterfly flapping its wings in Beijing could produce a change in atmospheric pressure that in turn could cause a tornado in Texas. This “butterfly effect” graphically demonstrates the theory… … Universalium
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 Meltdown — A financial crisis that arose in the mortgage market after a sharp increase in mortgage foreclosures, mainly subprime, collapsed numerous mortgage lenders and hedge funds. The meltdown spilled over into the global credit market as risk premiums… … Investment dictionary
Subprime Borrower — A person who is considered a higher than normal credit risk. Subprime borrowers typically have a below average credit history and are penalized for their poor credit with higher interest rates. Subprime borrowers may qualify only for higher… … 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
