subprime- WordWeb dictionary definition
(financial) relating to or for people with a poor credit rating
Subprime: Definition and Much More from Answers.com
A classification of borrowers with a tarnished or limited credit history. Lenders will use a credit scoring system to determine which loans a borrower may qualify for. Subprime loans carry more credit risk, and as such, will carry higher interest rates as well. Approximately 25% of mortgage originations are classified as subprime.
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