subprime

See also: sub-prime

English

Etymology

sub- +‎ prime

Pronunciation

Adjective

subprime (not comparable)

  1. Less than prime; inferior.
    subprime beef
  2. (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.
  3. (US, banking, dated) Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.

See also
  • Appendix:American Dialect Society words of the year

Noun

subprime (plural subprimes)

  1. A subprime loan.

Further reading

Spanish

Adjective

subprime m or f (masculine and feminine plural subprimes)

  1. subprime
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