Definition of "nonprime" []

• Not prime; composite (adjective)
• Providing credit to borrowers that are more likely to default due to a poor credit history or other problems. (adjective)

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• "VELSHI: Countrywide said almost 20 percent of what it calls nonprime loans, loans to people maybe who don't have great credit or have more of a mortgage than they should based on the value of their home, 20 percent of those mortgage payments are running 30 days late."
• "The secondary market in nonprime paper collapsed three-and-one-half years ago."
• "Has the secondary market in nonprime mortgages been restored since the administration's initial cost estimates?"