Word Routes
Exploring the pathways of our lexicon
From the Subprime to the RidiculousThu Jul 10 00:00:00 EDT 2008By Ben Zimmer
If there's one word that captures the zeitgeist of our current economic downturn, it's subprime. The American Dialect Society named it the Word of the Year for 2007, and as I described in my last column it is among the new entries in the latest updates of Merriam-Webster's Collegiate Dictionary and the Concise Oxford English Dictionary. But it's a pretty odd word when you stop to think about it. The newly announced Merriam-Webster definition reads as follows: "having or being an interest rate that is higher than a prime rate and is extended especially to low-income borrowers." Wait a minute: a loan with a rate that is higher than prime is called sub-prime? How did that happen?
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