prime rate (redirected fromprime rates) Thesaurus Financial Encyclopedia prime rate n. The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers. Also calledprime interest rate. American Heritage® Dictionary of the English Language, Fifth Edition. Copyrig...
Definition of prime rate noun from the Oxford Advanced Learner's Dictionaryprime ratenoun /ˈpraɪm reɪt/ /ˈpraɪm reɪt/ (in the US) the lowest rate of interest at which business customers can borrow money from banks compare base rate Questions about grammar and ...
prime rate A short-term interest rate quoted by a commercial bank as an indication of the rate being charged on loans to its best commercial customers. Even though banks frequently charge more and sometimes less than the quoted prime rate, it is a benchmark against which other rates are meas...
The meaning of PRIME RATE is an interest rate formally announced by a bank to be the lowest available at a particular time to its most credit-worthy customers —called also prime interest rate.
Prime rate definition: the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations.. See examples of PRIME RATE used in a sentence.
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Learn about the prime rate and how it regulates much of the banking industry. Gain a deeper understanding of how the Federal Reserve impacts the...
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How the Prime Rate Works An interest rate is the percentage of a loan amount that a lender charges. It is the lender's compensation, and the percentage varies with each type of loan. Any unsecured loan (like acredit card) is charged interest at a higher rate than a secured loan, such...