sub-prime
adjective/ˌsʌb ˈpraɪm/
/ˌsʌb ˈpraɪm/
(British English) (North American English subprime)
(finance)- 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.
Check pronunciation:
sub-prime