Subprime

Subprime

A specific segment of the lending market. Typically, subprime products (e.g., loans, mortgages, or credit cards) are directed at persons with blemished or limited credit history who do not qualify for the prime market. These products usually carry a higher rate of interest than prime products to compensate for increased credit risk.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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