subprime
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See also: sub-prime
English
Etymology
Pronunciation
Adjective
subprime (not comparable)
- Less than prime; inferior.
- subprime beef
- (US, banking, 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).
- 2014 April 5, Alex Preston, “Flash Boys: Cracking the Money Code by Michael Lewis, review: Michael Lewis tells the compelling true story of one man’s mission to tame Wall Street [print version: Capital ventures]”, in The Daily Telegraph, London, archived from the original on 8 April 2014, page R26:
- Central to the story was Steve Eisman, an eccentric and rebarbative hedge-funder who was one of the earliest to see through the subprime lies.
- (US, banking, dated) Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.
See also
Noun
subprime (plural subprimes)
- A subprime loan.
Further reading
Spanish
Adjective
subprime m or f (masculine and feminine plural subprimes)