Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,014,655 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Subprime lending

   Also found in: Wikipedia 0.01 sec.
Subprime lending
Lending to individuals who have a bad credit history or relatively low income. A higher interest rate is charged for such loans because risk to the lender is higher. Excessive subprime lending is often pointed to as one of the major causes of the financial crisis of 2008-2009.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Greed and mismanagement in a handful of large institutions has done lasting harm, but only a tiny fraction of the 8,400 banks nationwide joined the reckless plunge into subprime lending and other practices that triggered last fall's near-collapse of financial systems worldwide.
Irish shares, and in turn many of our pension funds, have been battered by the subprime lending crisis across the Atlantic.
Even in the late 1990s, subprime lending was becoming more and more of a problem The 2001 Expanded Guidance was an expansion of earlier statements about this issue Even in the late 1990s, subprime lending was becoming more and more of a problem.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.