Welcome to the 1520 Perfect Dictionary

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Subprime
SUBPRIME

Definition: A loan that is made to a borrower with a poor credit rating.
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* All eight elements should be in.


1. Purposeful and necessary to support the 'weakling'.

2. A basis exists for the optimism leading to an approval.

3. Who approves facility will not benefit from funds released.

4. Money or funds are released at once or as agreed and timely.

5. Lending organization or authority tries and monitors fund's use.

6. Borrower manages loan wisely, with or without professional help.

7. Repayment(s) will be made and completed as per the terms agreed.

8. Loan serves purpose(s) or achieves goal(s), however it is spent.
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See perfect CREDITWORTHINESS.
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See perfect FLAG OFF.
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See perfect BAD DEBT.

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