Meaning of “sub-prime” in the English Dictionary

business-english dictionary

"sub-prime" in Business English

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also subprime uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)