Examlex
Subprime mortgages are home loans to high-quality borrowers at rates 0.25% below the prime rate.
Innovation
The process and outcome of creating something new or improved, including products, services, processes, or business models, that adds value.
Marginal Cost
The expense for creating a supplementary unit of a product or service.
Market Interest Rate
The prevailing rate at which borrowers are willing to borrow money and lenders are willing to lend in the financial market.
Needed Financing
The amount of money required to fund a project, venture, or cover operational expenses not met by current revenues.
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