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The phrase "a subprime" is correct and usable in written English.
It is typically used in the context of finance, particularly when referring to subprime loans or borrowers with lower credit ratings.
Example: "The bank decided to offer a subprime mortgage to the applicant despite their poor credit history."
Alternatives: "a high-risk" or "a non-prime".
Exact(54)
Bernanke isn't a subprime borrower.
Who in Greenwich has a subprime loan?
"We have a subprime financial system," he said, "not a subprime mortgage market".
The Hartzells didn't take out a subprime mortgage.
What a difference a subprime mortgage crisis can make.
Someone suggested that I obtain a subprime loan.
Nouriel Roubini is correct when he says the United States has "a subprime financial system, not a subprime mortgage market".
It owns a subscale retail operation in America but did not go on a subprime bender.
Like many others in her neighborhood, she turned to a subprime lender.
Nor has there been a single indictment against any top executive at a subprime lender.
At the time, the crisis was simply being called a "subprime crisis".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com