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Word: subprime
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Meaning:
Adjective:
- US|banking dated Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.
- US|banking ''(now world-wide)'' 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).
- Less than prime; inferior.
Source: Wiktionary
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Source: Wiktionary
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