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prime rate Definition

prime rate

noun

Finance the most favorable interest rate charged by a commercial bank on short-term loans to large corporations

prime rate Finance Definition
The interest rate charged by a bank to its best, or prime, customers. Each bank has its own rate. An average of prime rates is listed in the Wall Street Journal. Consumers often are charged an interest rate on their credit cards that is based on the prime rate with a certain percentage added to it.

Browse dictionary entries near prime rate

  1. prime paper
  2. prime number
  3. prime mover
  4. prime minister
  5. prime meridian
  6. prime cost
  7. prime
  8. primavera
  9. primatology
  10. primate
  1. prime rib
  2. prime time
  3. primed
  4. primely
  5. primer
  6. primero
  7. primeval
  8. priming
  9. primipara
  10. primitive