- subprime mortgage
See: subprime loanCategory: Personal Finance & Retirement
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- subprime mortgage
Those real estate mortgages which do not conform to standard or prime lending criteria. Such mortgages are generally targeted at customers with impaired or low credit ratings who may find it difficult to obtain finance from traditional sources.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
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