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subprime

/sʌbˈpraɪm/  ·  say it: sub·PRYM

lending to borrowers with weak credit histories

In Banking & Finance

In more detail

1. (adjective) relating to loans given to people with poor credit histories, who are considered risky borrowers

2. (adjective) of lower quality or below an acceptable standard

Examples

• 1. Many subprime mortgages were issued before the 2008 financial crisis.
• 2. The company's subprime customer service led to many complaints.

Nearby in Banking & Finance

quantitative easing, recession, remittance, surplus, deficit, venture capital