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From Longman Dictionary of Contemporary Englishsubprimesub·prime /sʌbˈpraɪm/ adjective [only before noun]  a subprime loan is an amount of money that is lent to someone who may not be able to pay it back, usually at a higher than normal rate of interest Subprime mortgages (=loans to buy a home) are granted to individuals who would not qualify for a conventional mortgage.
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