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Discover LudwigThe phrase "are subprime" is correct and usable in written English.
It can be used in contexts discussing financial terms, particularly in relation to loans or credit ratings that are considered to be of lower quality or higher risk.
Example: "Many of the loans issued during the housing boom were subprime, leading to significant financial instability."
Alternatives: "are of low quality" or "are high-risk."
Dictionary
are subprime
noun
A subprime loan.
Exact(19)
The reference obligations for these swaps are subprime RMBS.
First are subprime ARMs, option ARMs, and ALT A loans.
This decade's version are subprime mortgages and financial stocks.
According to Mr. Rheingold, most consumers who engage in mortgage fraud are subprime borrowers.
Now there are more prime mortgages going into foreclosure than there are subprime ones.
Both Wind and Mobility are "subprime assets," he said, with customers that Verizon probably would not want to retain.
Similar(41)
By 2006 a fifth of all new mortgages were subprime.
And was subprime the canary in the mine?
In the 2008 financial crisis, the culprit was subprime residential real estate lending.
Last time it was subprime, this time it's oil," he said.
But he did acknowledge that about a third of its credit card portfolio was subprime.
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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