Subprime Lender

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Definition: Subprime Lender

Subprime Lender
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Full Definition of Subprime Lender

A lender who gives mortgages to borrowers with poor credit who do not meet the criteria for a conforming or conventional mortgage. These lenders charge higher fees and interest rates in exchange for taking on the additional risk that is associated with subprime loans.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/subprime-lender/
Modern Language Association (MLA):
Subprime Lender. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
November 08, 2024 https://payrollheaven.com/define/subprime-lender/.
Chicago Manual of Style (CMS):
Subprime Lender. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/subprime-lender/ (accessed: November 08, 2024).
American Psychological Association (APA):
Subprime Lender. PayrollHeaven.com. Retrieved November 08, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/subprime-lender/

Definition Sources

Definitions for Subprime Lender are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.