单词 | subprime |
释义 | subprimeadj.n. Originally and chiefly U.S. A. adj. 1. Below the highest quality or grade; inferior. ΚΠ 1920 Food Investig. (U.S. Federal Trade Commission) iv. iii. 190 The producer would thereby have assurance of more reasonable prices for his products when they arrived at market in subprime condition. 1962 Times 23 Jan. 16/2 (advt.) Keen competition..which forced down prices for secondary and sub-prime materials..to abnormally low levels. 1993 J. M. Mayo Amer. Grocery Store vi. 221 Corporate discount chain managers locate their stores in sub-prime locations to avoid high land costs. 2010 New Yorker 4 Jan. 26/1 Roy began to voice her students' dismay,..declaring..that they were threatened with a ‘subprime education’. 2. Banking and Finance. a. Of, relating to, or designating a (usually short-term) commercial lending rate which is lower than the prime rate and typically offered only to the most desirable borrowers. Cf. prime rate n. (b) at prime adj. and adv. Compounds.This sense fell into disuse after the emergence of sense A. 2b, which is of nearly opposite meaning. ΘΚΠ society > trade and finance > financial dealings > moneylending > [noun] > moneylending at interest > interest > rate of interest prime rate1815 usage1822 mortgage rate1898 savings rate1904 saving rate1905 discount rate1913 base lending rate1933 prime lending rate1951 interest-rate1959 base rate1970 minimum lending rate1972 MLR1972 prime1973 bank rate1974 LIBOR1974 subprime1976 Euribor1997 1976 Times 16 Aug. 13/7 Banks in the United States have increasingly sought to be more competitive with regard to obtaining the most credit-worthy clients and..the volume of big loans granted at sub-prime rate levels has risen. 1988 Amer. Banker (Nexis) 18 Apr. Lenders routinely extend credit to good customers at sub-prime rates. 1991 Financial Post (Canada) (Nexis) 12 Dec. 5 In a move to grab small business borrowers, Bank of Montreal yesterday announced a special sub-prime interest rate plan for loans of less than $100,000. b. Of, relating to, or designating a loan, typically having relatively unfavourable terms, made to a borrower who does not qualify for other loans because of a poor credit history or other circumstance; (also) designating the borrower or lender of such finance. Now the most common sense. ΘΚΠ society > trade and finance > financial dealings > moneylending > [adjective] > types of loan self-liquidating1851 non-recourse1905 bridging1930 tied1958 underwater1975 sovereign1977 single currency1978 roll-up1983 self-certified1989 sub-sovereign1991 subprime1993 1993 Business Wire (Nexis) 29 June CPS buys sub-prime loans made by car dealers to credit-worthy buyers unable to qualify for loans from banks and automobile finance companies, and then sells the loans to institutional investors. 1997 Guardian 21 Mar. (Jobs & Money section) 14/2 Lenders specialising in the market for loans to ‘sub-standard’, ‘impaired credit’, ‘non-conforming’ or ‘sub-prime’—all euphemisms for borrowers rated as dodgy—give mortgages to people who are turned down by banks and building societies. 1998 Time 23 Feb. 47/1 As a so-called subprime lender, Green Tree makes high-interest loans to people with damaged credit. 2009 T. Footman Noughties x. 148 Blue-chip names in the financial sector revealed that their exposure to the subprime market was far greater than they had previously let on. B. n. Banking (chiefly U.S.). Originally: subprime interest (cf. sense A. 2a). Now chiefly: a subprime loan (cf. sense A. 2b); (also) such loans collectively. ΘΚΠ society > trade and finance > financial dealings > moneylending > [noun] > loan > other loans precarium1681 call loan1848 home loan1851 personal loan1853 short-loan1865 student loan1889 subprime1975 1975 Stevens Point (Wisconsin) Daily Jrnl. 12 Aug. 20/2 Why..was subprime offered to a municipality whose credit standing is suspect? 1996 Amer. Banker (Nexis) 9 Aug. (heading) Start of a mass retreat? BankAmerica pulls back from subprimes. 2007 Vanity Fair (N.Y.) Oct. 389/2 Smart investors began wondering how many other institutions held worthless subprime, too. This entry has been updated (OED Third Edition, June 2012; most recently modified version published online March 2022). < |
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