subprime
//ˌsʌbˈpraɪm//
Adjective
subprimeCanonical form
1
Relating to or denoting credit or loan arrangements for borrowers with a poor credit history, typically having unfavorable conditions such as high interest rates.
The subprime mortgage crisis caused a global financial meltdown in 2008.
2
Of or relating to a borrower who does not qualify for the best market interest rates because of their credit history.
Subprime borrowers often face higher interest rates due to their credit history.