The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SUBPRIME CRISIS Definition & Legal Meaning

Definition & Citations:

A situation that arose in 2008 and affected the mortgage industry because borrowers were approved for loaned they couldn’t afford. Many lending institutions collapsed.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.