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Tuesday, September 30, 2008. Subprime Crisis (Part 1) - Terms Defined. What is this subprime crisis we keep hearing and reading about everyday? Most of the explainations use finance jargons which make it difficult for a non-finance person to understand it and more importantly its effects. So we at Gravitie decided to explain Subprime Crisis in simple words in a seris of articles on this blog. It is the type of lender that specializes in extending loans to borrowers with tainted credit history. 160;A mort...
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Skip to search - Accesskey = s. Gravitie Knowledge Services (gksil). Gksil’s Finance & Accounting Blog. Subprime Crisis (Part 1) – Terms Defined. Posted in Gravitie Research. By gksil on September 30, 2008. What is this subprime crisis we keep hearing and reading about everyday? Let’s start with the basics first. Following are the terms which need explaination before we go further with the discussion. It is the interest charged to subprime borrowers. Subprime rates are higher than the prime rates for...
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