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English definition of “sub-prime”

sub-prime

adjective (also subprime)     PROPERTY, FINANCE
used to describe a mortgage that has a high risk of not being paid back: subprime mortgages/loans/lending This credit crunch was sparked by fears that banks gave out too many subprime mortgages .subprime borrower/lender Defaults have climbed sharply on mortgages to subprime borrowers with weak credit histories .
(Definition of sub-prime adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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