1 definition by CHOK2
The term originated in the financial services industry to refer to lower-credit-score borrowers. However, thanks to continuous media use, a much broader audience was exposed to it in 2007 during the credit meltdown. Now, it is used to describe anything that is below standard or less than ideal.
This restaurant is subprime, let's get out of here!
by CHOK2 January 7, 2008