near-prime

listen to the pronunciation of near-prime
English - English
Near-prime, also called subprime lending, B-paper or second chance lending, is the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history. The term also refers to paper taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and certain types of self-employed individuals
near-prime
Favorites