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Sub-prime Housing Loan
A type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans, often due to a poor credit history.
Prime Rate
The Prime Rate is the interest rate that commercial banks charge their most credit-worthy customers, often used as a benchmark in setting rates for various types of loans.
Unqualified Customer
A customer who does not meet the necessary criteria or requirements set by a business or a regulatory body to purchase certain products or services.
Federal Government
The national government of a federated state, which holds the authority to govern issues that affect the entire country.
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