ADJ (of a loan) made to a borrower with a poor credit rating, usually at a high rate of interest (贷款)次级的
N a loan made to a borrower with a poor credit rating 次级贷款
These were called "sub-prime" mortgages.
这种贷款就被称为“次级贷款”。
The Hedge fund manager John Paulson prospered by betting against sub-prime mortgages.
对冲基金经理John Paulson因对赌次级抵押贷款而获得成功。
First, he argued that Fannie and Freddie could not participate in sub-prime financing.
首先,他认为范尼梅和弗雷德马克不能够参与到次贷金融中去。
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