Meaning of subprime | Babel Free

Definitions

1. Less than prime; inferior.
   not-comparable
2. Designating a loan (typically at a greater than usual rate of interest) offered to a borrower who is not qualified for other loans (for example, because of a poor credit history).
   US, not-comparable
3. Designating a type of commercial lending rate, less than the prime rate, offered to desirable borrowers.
   US, dated, not-comparable

Examples

“subprime beef”

“Central to the story was Steve Eisman, an eccentric and rebarbative hedge-funder who was one of the earliest to see through the subprime lies.”

CEFR level