subprime
adjective
sub·prime
ˈsəb-ˌprīm 
1
: having or being an interest rate that is higher than a prime rate and is extended chiefly to a borrower who has a poor credit rating or is judged to be a potentially high risk for default (as due to low income)
subprime mortgages
a subprime loan
2
: extending or obtaining a subprime loan
subprime lenders
subprime borrowers
Examples of subprime in a Sentence
Recent Examples on the Web
While auto loan delinquencies are still concentrated in subprime, prime delinquencies are also above pre-Covid levels, the firm said.
—
Michelle Fox, CNBC, 4 Sep. 2024
Since Volcker’s tenure, the Fed has steered the nation through financial crises, a dot-com bubble, a subprime mortgage crash, and populist threats from the likes of former President Donald Trump.
—Sebastian Mallaby, Foreign Affairs, 30 June 2021
Paulson made his fortune — his net worth currently stands at $3.8 billion, per Forbes — by betting against subprime mortgages during the 2007 credit bubble.
—William Gavin, Quartz, 30 Oct. 2024
Its turnaround coincided with the arrival of a new leadership team that had a long history in subprime auto loans — and in aggressively granting financially shaky borrowers multiple extensions.
—Byard Duncan, ProPublica, 17 Oct. 2024
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Michelle Fox, CNBC, 4 Sep. 2024
Since Volcker’s tenure, the Fed has steered the nation through financial crises, a dot-com bubble, a subprime mortgage crash, and populist threats from the likes of former President Donald Trump.
—Sebastian Mallaby, Foreign Affairs, 30 June 2021
Paulson made his fortune — his net worth currently stands at $3.8 billion, per Forbes — by betting against subprime mortgages during the 2007 credit bubble.
—William Gavin, Quartz, 30 Oct. 2024
Its turnaround coincided with the arrival of a new leadership team that had a long history in subprime auto loans — and in aggressively granting financially shaky borrowers multiple extensions.
—Byard Duncan, ProPublica, 17 Oct. 2024
See all Example Sentences for subprime
Dictionary Entries Near subprime
Cite this Entry
“Subprime.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/subprime. Accessed 22 Nov. 2024.
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subprime
adjective
sub·prime
ˈsəb-ˌprīm
1
: having or being an interest rate that is higher than a prime rate and is extended especially to low-income borrowers
subprime mortgages
2
: extending or obtaining a subprime loan
subprime lenders
subprime borrowers
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