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Definitions from the Web

Sub-prime

Definition: Referring to a category of borrowers with a weak credit history, sub-prime describes loans or financial products offered to individuals who have a higher risk of defaulting on their payments.

Usage:

1. Noun:
• The sub-prime borrower was denied a mortgage due to their low credit score.
• Financial institutions suffered significant losses during the sub-prime mortgage crisis of 2008.
2. Adjective:
• She applied for a sub-prime auto loan as she had a poor credit history.
• The sub-prime lending market grew rapidly before the recession.
3. Verb:
• The bank decided to sub-prime the loan application due to the applicant's high-risk profile.
• The lender sub-primed the interest rate on the mortgage after evaluating the borrower's creditworthiness.

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