Definition of sub-prime in English:

sub-prime

adjective

  • Denoting or relating to credit or loan arrangements for borrowers with a poor credit history, typically having unfavourable conditions such as high interest rates:

    ‘the sub-prime mortgage market’
    • ‘Congressional liberals fought for risky subprime loans.’
    • ‘In 2005, 69 percent of the homes purchased in the tract were bought with subprime mortgages.’
    • ‘Right now subprime defaults are at 20 %.’
    • ‘He campaigned around the country to put Social Security funds in subprime mortgages.’
    • ‘Many credit rating agencies have continued to give favourable credit ratings to subprime products.’
    • ‘Banks excelled at such practices during the 1980 s Latin American debt crisis, a forerunner of the current subprime crisis.’
    • ‘With structured finance, virtually any type of loan - commercial, consumer, mortgage, prime or subprime - can be monetized.’
    • ‘In November, five major banks reported losses from the subprime market.’
    • ‘The last time I looked at the numbers, they had lost just as much money in the subprime crisis as their American counterparts.’
    • ‘And while some subprime borrowers were duped by complicated loan terms, financial literacy is even worse in developing countries.’
    • ‘In Congress two recent bills seek to set national subprime lending standards.’
    • ‘We also have included immediate relief for homeowners who are at the risk of losing their homes because of the subprime crisis.’
    • ‘She also wants a 90-day freeze on subprime foreclosures and a five-year freeze on subprime interest rates.’
    • ‘Investors who bought securities backed by subprime loans apparently did not understand the risks either.’
    • ‘Nearly half of these mortgages were subprime, National Community Reinvestment Coalition found.’
    • ‘These are the same neighborhoods where bank data shows a high level of subprime lending practices in recent years.’
    • ‘Under the bill's underwriting standards, subprime loans will be barred from carrying prepayment penalties.’
    • ‘He worked in information technology at the bank, which lost money on subprime mortgages.’
    • ‘The FBI currently has 26 pending corporate fraud investigations involving subprime lenders.’
    • ‘Let's not forget that this subprime crisis was created by America's lending industry.’

Pronunciation:

sub-prime

/ˈsʌbprʌɪm/