Subprime lending.
Originally, the term subprime lending described any loan that charged less than the prime, or base, rate of interest. This definition, however, has changed over the last twenty years to mean quite the opposite. Now subprime refers not to the interest rate charged, but to the credit worthiness of the...
| Формат: | Електронна книга |
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| Език: | English |
| Публикувано: |
[Mosman] :
iMinds,
℗♭2009.
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| Серия: |
Money (iMinds (Firm))
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| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=357988 |
| Резюме: |
Originally, the term subprime lending described any loan that charged less than the prime, or base, rate of interest. This definition, however, has changed over the last twenty years to mean quite the opposite. Now subprime refers not to the interest rate charged, but to the credit worthiness of the loan taker. That is, subprime lending is any form of high risk loan. While the phrase subprime lending is typically used in reference to mortgages, the principle can be extended to any type of loan. This includes car loans, personal finance and credit cards. It should be noted that there is no explicit cut-off between what classifies a prime loan from a subprime. Instead subprime indicates a broad range of loans that charge higher rates of interest to compensate the greater level of associated risk. |
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| Описание на библ. документ: |
Title from PDF title page (viewed Mar. 24, 2011). |
| Физически характеристики: |
1 online resource (2 pages). |
| ISBN: |
9781921798597 1921798599 |