When housing prices declined, it sparked a crisis in subprime loans.
当房价下跌时,它引发了次贷危机。
单词 | Subprime loans |
释义 |
Subprime loans
原声例句
华尔街日报 When housing prices declined, it sparked a crisis in subprime loans. 当房价下跌时,它引发了次贷危机。
英语百科
Subprime lendingIn finance, subprime lending (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc. Historically, subprime borrowers were defined as having FICO scores below 640, although "this has varied over time and circumstances." |
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