second chance lending

English - English

Definition of second chance lending in English English dictionary

Second chance lending, also called subprime lending, B-paper or near-prime is the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history. The term also refers to paper taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and certain types of self-employed individuals

Hyphenation

sec·ond chance lend·ing

Turkish pronunciation

sekın çäns lendîng

Pronunciation

/ˈsekən ˈʧans ˈlendəɴɢ/ /ˈsɛkən ˈʧæns ˈlɛndɪŋ/