单词 | subprime loan |
释义 | subprime loan in Finance (sʌbpraɪm loʊn) Word forms: (regular plural) subprime loans noun (Finance: Mortgage) A subprime loan is a loan with a higher interest rate, to borrowers who are a high credit risk. Loans of lower initial credit quality, which are more likely to experience significantlyhigher levels of default, are classified as subprime loans. Subprime loans are made at a higher interest rate than most other loans to borrowers who do notqualify for ordinary loans because of bad credit rating. A subprime loan is a loan with a higher interest rate, to borrowers who are a high credit risk. |
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