Subprime Market Definition
Subprime Market means the market for lenders and borrowers of subprime credit. Lenders can make profit from the higher interest rates they can demand from borrowers with less-than-perfect or short credit histories, as long as borrowers are able to maintain the repayment schedule. The health of the subprime market depends on the strength of the economy, if borrowers can find work, they are more likely to repay their debts.