commercial transactions

A subprime loan is offered to borrowers who do not qualify for prime rates due to factors like poor credit, low income, or limited credit history. These loans carry higher interest rates to offset the increased risk of default.

A subprime mortgage is a subprime loan used as a mortgage (to buy property, such as a house), that is made available to borrowers with low credit scores, meaning that the risk of default is higher than lenders with better credit ratings who are entitled to receive prime mortgages.

Subrogation is the process where one party assumes the legal rights of another, typically by substituting one creditor for another. Subrogation can also occur when one party takes over another's right to sue.  

A subsidiary is an entity (e.g., a corporation) in which another entity (known as the parent or holding company)  has a controlling share.

Substantial impairment is a legal standard used under UCC § 2-612 to decide whether a buyer may reject goods in an installment contract.

• contract law

Substantial performance is a common law/contract law rule that compares the key terms of a contract and the overall purpose of said contract to determine if the performance of one or both parties is sufficient to satisfy the contract.

Substitution is the act of replacing one person, thing, or obligation with another. Substitution can apply across various areas of law depending on the circumstances.

A successor in interest is a person or entity who takes over the ownership rights of a property, contract, 

The Suitability Rule requires financial professionals, such as brokers, to recommend investment products that are appropriate for their clients' “investment profile,” which comprises the clients’ age, investment portfolio, tax status, liquidity needs, among other considerations.

Superfund is the shorthand name often used to refer to the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). CERCLA is codified in 42 U.S.C. Chapter 103.

• environmental law violations; CERCLA