subprime
Pronunciation:
/ˈsʌb.pɹʌɪm//ˈsʌb.pɹaɪm/noun
Definitions
A subprime loan.
adjective
Definitions
Less than prime; inferior.
(now worldwide) Designating a loan (typically at a greater than usual rate of interest) offered to a borrower who is not qualified for other loans (for example, because of a poor credit history).
Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.