Definition of sub-prime adjective from the Oxford Advanced Learner's Dictionary



BrE BrE//ˌsʌb ˈpraɪm//
; NAmE NAmE//ˌsʌb ˈpraɪm//
(British English) (North American English subprime) (finance)
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connected with the practice of lending money to somebody who is likely to have difficulty paying it back a sub-prime loan/mortgage subprime lenders/borrowers The collapse of the US subprime mortgage market has been blamed for the credit crunch. Bad credit home loans have higher interest rates. This is to be expected as sub-prime lenders carry a higher degree of risk.