Subprime lending/Definition: Difference between revisions

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Lending at interest rates above the ''prime rate'' because of an above-minimal risk of default.
Lending at interest rates above the ''prime rate'' because of an above-minimal risk of default.

Revision as of 23:30, 22 May 2008

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Subprime lending [r]: Lending at interest rates above the prime rate because of an above-minimal risk of default.