Meaning Of The Word Prime rate

Real Dictionary

What's the definition of Prime rate? Find Prime rate meanings, definitions and more at the Real Dictionary online.

Prime rate Meaning

Prime rate Definition
Prime rate Definition

What's The Definition Of Prime rate?

prime rate
countable noun: A bank's prime rate is the lowest rate of interest which it charges at a particular time and which is offered only to certain customers.

prime rate in American English
noun: the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations

prime rate in British English
the most favorable interest rate charged by a commercial bank on short-term loans to large corporations
noun: the lowest commercial interest rate charged by a bank at a particular time

prime rate in Finance
noun: A prime rate is the interest rate that banks give to their best customers such as large corporations.

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