subprime mortgage

higher-risk credit mortgages which has interest rates that can adjust over time, which is bad and best to stay away from

During the housing boom of the mid-2000s, many lenders were giving subprime mortgages to borrowers with low credit scores, contributing to the subsequent financial crisis

Boss: You know, subprime mortgages were a big topic during the last financial crisis?
You: Ah, yes, *sips coffee* I love talking about business