Subprime lending

In finance, subprime lending (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc. Historically, subprime borrowers were defined as having FICO scores below 640, although "this has varied over time and circumstances."

These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk. Many subprime loans were packaged into mortgage-backed securities (MBS) and ultimately defaulted, contributing to the financial crisis of 2007–2008.

Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market. Professor Harvey S. Rosen of Princeton University explained, "The main thing that innovations in the mortgage market have done over the past 30 years is to let in the excluded: the young, the discriminated-against, the people without a lot of money in the bank to use for a down payment."

Forma

Forma is a Latin word meaning "form". Both the word "forma" and the word "form" are used interchangeably as informal terms in biology:

Formwork

Formwork is the term given to either temporary or permanent molds into which concrete or similar materials are poured. In the context of concrete construction, the falsework supports the shuttering moulds.

Formwork and concrete form types

Formwork comes in several types:

Form (religion)

In academic discussions of organized religion, the term form is sometimes used to describe prescriptions or norms on religious practice.

Christian forms

Forms in Christianity are mostly familiarly dictates of church authority or tradition (e.g. church government, liturgy, doctrine). However, the term is used by some authors to refer to a broader category that includes other patterns of religious practice.

Most notably, Christian scholar D. G. Hart uses this term to compare and contrast the practices of evangelical Protestants and what he calls "confessional Protestants" (for example Anglicans and most Lutherans). He argues that the confessionals follow forms that are dictated by church authority or tradition, and calls these forms churchly forms. On the other hand, noting the resistance to such central authority and tradition among evangelicals, he labels the forms of these denominations parachurchly forms, as they are often dictated by parachurch organizations and other influences beyond the direct control of any particular church.