subprime

  1. Adjective.  Less than prime; inferior.
  2. Adjective.  (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 (e.g. because of poor credit history).
  3. Adjective.  (US, banking) (dated) Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.
  4. Noun.  A subprime loan.

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This entry was last updated on RefTopia from its source on 3/20/2012.