Meaning Of The Word Prime rate

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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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