prime interest rate

noun Banking.
Also called prime lending rate.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To prime interest rate
Example sentences
The change is usually tied to movement of an outside indicator, such as the prime interest rate.
Interest rates are either fixed at or below the prevailing prime interest rate quoted at the time of loan commitment.
Capital costs depend on the prime interest rate, current high-grade corporate bond rates, and price expectations.
The word does not mean such loans have interest rates below the prime interest rate.
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