- subprime mortgage crisis
- abbr. for 次级房屋信贷危机【cì jí fáng wū xìn dài wēi jī】
Generated: This term refers to a financial crisis that arose from the collapse of the housing market caused by the increase in high-risk mortgage loans, often given to borrowers with poor credit history.
Generated: This is an abbreviation that specifically highlights the crisis associated with low-quality mortgage loans in the housing sector.
The subprime mortgage crisis plunged the economy into recession.