Subprime lending (also known as B-paper, near-prime, or second chance lending) is the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history.
This word first came into prominence in 2007 with the global
subprime mortgage meltdown.
The prefix "sub" translates roughly to "below the standard," while "prime" means something close to "the best."
This word first came into prominence in 2007 with the global
subprime mortgage meltdown.
The prefix "sub" translates roughly to "below the standard," while "prime" means something close to "the best."
by Wally Lorne January 16, 2008
Get the subprime mug.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 14, 2008
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A loan for those whom have "Shit" credit, with no desire of fixing and improving their credit, those who are knowingly lying about thier income, and whom really have no business buying a home.
Countrywide should do more subprime mortgages!!!
by Mikey_D March 15, 2008
Get the subprime mug.by Chase Redden January 9, 2009
Get the subprime mug.Subprime: I'ma be real wif you dog your attitude right now is horrible.
Everyone: Fuck you Subprime, you pie as fuck.
Everyone: Fuck you Subprime, you pie as fuck.
by Been Had Polo October 24, 2009
Get the Subprime mug.A person or situation that is less than prim (SUB - PRIME)
Usually used for someone that contains the same characteristics of someone that has a poor credit score.
Usually used for someone that contains the same characteristics of someone that has a poor credit score.
Hey bro, Salina's has had her back window smashed for 2 months and wont get it fixed that's super subprime.
by dxrticus June 13, 2022
Get the SUBPRIME mug.A subprime number is a number which is exactly one less than a prime number. There are an infinite number of subprime numbers, as was indirectly proven by Euclid in the year 300 B.C.E.
1 is a subprime number, because 2 is a prime number, and 2 - 1 = 1. 498 is a subprime number, because 499 is a prime number, and 499 - 1 = 498.
by Lirrad April 13, 2009
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