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

 

sub-prime

 adjective
adjective
BrE
 
; NAmE
 
(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.