 prime rate

noun
: an interest rate formally announced by a bank as the lowest normally available at a particular time to its most creditworthy customers
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Banking.the minimum interest rate charged by a commercial bank on shortterm business loans to large, bestrated customers or corporations. Also called prime, prime interest rate, prime lending rate.[195560]* * *
prime rate or prime lending rate nounThe lowest rate of interest charged by a bank at any given time, usu available only to large concerns with high credit ratings, forming the base figure on which other rates are calculated• • •Main Entry: ↑prime* * *
the lowest rate available for borrowing moneyThesaurus: relating to borrowing money and owing money_{hyponym}* * *
prime rate,the lowest rate of interest charged by banks to large commercial customers with very high credit ratings: »Rates for all other customers are scaled upward from the prime rate (Wall Street Journal).
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n. the lowest rate of interest at which money may be borrowed commercially* * *
noun, pl ⋯ rates [count]: the lowest interest rate that banks will give to people who borrow money from them — called also prime, prime interest rate* * *
(in the US) the lowest rate of interest at which business customers can borrow money from banks
Useful english dictionary. 2012.
Look at other dictionaries:
Prime rate — Prime rate, or Prime Lending Rate, is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with high credibility,… … Wikipedia
Prime Rate — Primerate, die; , Prime Rate, die; [ pra̮imreɪt ; engl. prime rate, aus: prime = Haupt ; hauptsächlich u. rate = Rate; Zins , Steuersatz] (Wirtsch., Bankw.): (in den USA) Zinssatz, den Großbanken für ihre Kredite berechnen u. der die Funktion… … UniversalLexikon
prime rate — n: an interest rate formally announced by a bank to be the lowest available at a particular time to its most creditworthy customers – called also prime, prime interest rate; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
prime rate — n. Finance the most favorable interest rate charged by a commercial bank on short term loans to large corporations: also prime interest rate or prime lending rate … English World dictionary
prime rate — prime rates N COUNT 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. At least one bank cut its prime rate today … English dictionary
prime rate — prime′ rate′ n. ban bus the minimum interest rate charged by a commercial bank on short term business loans to large, best rated customers or corporations Also called prime 18) prime′ in′terest rate … From formal English to slang
prime rate — ● prime rate nom masculin (anglais prime rate, meilleur taux) Aux États Unis, taux d intérêt appliqué par une banque pour les crédits à court terme accordés à ses meilleurs clients … Encyclopédie Universelle
prime rate — prime .rate n the lowest rate of interest at which companies can borrow money from a bank →↑base rate … Dictionary of contemporary English
prime rate — prime ,rate noun count the lowest rate available for borrowing money … Usage of the words and phrases in modern English
Prime rate — The interest rate at which banks lend to their best ( prime) customers. Much more often than not, a bank s most creditworthy customers borrow at rates below the prime rate. The New York Times Financial Glossary * * * prime rate prime rate ➔ rate1 … Financial and business terms