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Investments glossary

Subprime Loan

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Quotes of the day:

Early morning hath gold in its mouth.

— Benjamin Franklin

A subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime-rate loans. Quite often subprime borrowers have been turned down by traditional lenders because of their low credit ratings or other factors that suggest they have a reasonable chance of defaulting on the debt repayment.


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