prime rate 
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
- ‹ prime paper
- ‹ prime number
- ‹ prime mover
- ‹ prime minister
- ‹ prime meridian
- ‹ prime cost
- ‹ prime
- ‹ primavera
- ‹ primatology
- ‹ primate
Print this Page
Suggestion Box
Send to Friend
