SUBPRIME

Etymology

Adjective

subprime (not comparable)

Less than prime; inferior.

(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).

(US, banking, dated) Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.

Noun

subprime (plural subprimes)

A subprime loan.

Source: Wiktionary

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