Definition
A subprime loan is a type of loan offered at a rate above prime to individuals who do not qualify for prime-rate loans. Quite often subprime borrowers have been turned down by traditional lenders because of their low credit ratings or other factors that suggest they have a reasonable chance of defaulting on the debt repayment. Key Takeaways Subprime loans have interest rates that are higher than t
In Panel Profits
In the Panel Profits market platform, Subprime Loan: Definition, Uses, Downsides applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.