Subprime Credit refers to loans made to people who may have difficulty maintaining the repayment schedule. A big portion of the total market for subprime credit is based on subprime mortgages to borrowers with less-than-perfect or short credit histories.
Additional meaning of Subprime Credit:
Subprime credit includes the original borrowing itself, and any derivative products sold to investors in the secondary markets. Subprime credits may have very unfavorable terms such as high interest rates, excessive fees and short grace periods.