subprime debt
[/ˈsʌbˌpraɪm dɛt/]
nounpl: subprime debts
dívida subprime
1. Debt issued to borrowers with poor credit ratings or limited credit history, typically carrying higher interest rates and riskier terms than prime debt
The 2008 financial crisis was triggered by the collapse of the subprime debt market.
A crise financeira de 2008 foi desencadeada pelo colapso do mercado de dívida subprime.
2. High-risk loans, particularly mortgages, extended to borrowers considered to have greater default risk
Many families lost their homes due to subprime debt obligations they could not sustain.
Muitas famílias perderam suas casas devido às obrigações de dívida subprime que não conseguiam sustentar.
The term 'subprime debt' became prominently associated with the 2008 U.S. financial crisis, when widespread defaults on subprime mortgages destabilized global markets. In Brazil, the term entered financial discourse as a cautionary reference to predatory lending practices. It represents a critical moment in understanding financial regulation and consumer protection in both countries.
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