Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- adjective Relating to loans that have a high interest rate and high risk of default.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Less than
prime ;inferior . - adjective US, banking (now worldwide) Designating a
loan (typically at a greater than usual rate ofinterest ) offered to a borrower who is not qualified for other loans (e.g. because of poor credit history). - adjective US, banking (
dated ) Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers. - noun A subprime loan.
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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More securities with the label subprime or Alt-A attached to them are deemed too controversial to own, particularly with the constant threat of express-train credit downgrades taking their ratings many notches lower.
Making A Mint 2008
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WOOSTER -- A Pulitzer Prize-winning columnist for the Wall Street Journal said the term subprime mortgage was a relatively new one for him when it became the turning point in a crisis.
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WOOSTER -- A Pulitzer Prize-winning columnist for the Wall Street Journal said the term subprime mortgage was a relatively new one for him when it became the turning point in a crisis.
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COOPER: Everyone uses this term subprime, but we're talking about junk mortgages.
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And you want to make sure you're not part of what we call the subprime crises.
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The fees, interest rates, and prepayment penalties embedded in subprime loans made them much more seductive to investors.
Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010
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The mess in subprime Mortgages is an easy problem to fix.
Matthew Yglesias » Rich Bankers: We Want Trillions of Dollars 2009
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By 2006, minorities were borrowing more per capita than whites, and twice as much per capita in subprime loans.
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The fees, interest rates, and prepayment penalties embedded in subprime loans made them much more seductive to investors.
Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010
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The fees, interest rates, and prepayment penalties embedded in subprime loans made them much more seductive to investors.
Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010
mollusque commented on the word subprime
The American Dialect Society's word of the year for 2007.
January 7, 2008
dontcry commented on the word subprime
It's baaaa-ack...
February 8, 2009