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View synonyms for prime rate

prime rate

noun

, Banking.
  1. the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations.


prime rate

noun

  1. the lowest commercial interest rate charged by a bank at a particular time


prime rate

  1. The interest rate that banks charge to corporations that are considered excellent risks.


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Notes

The prime rate is usually the lowest prevailing interest rate; if it rises, rates available to consumers will soon rise.

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Word History and Origins

Origin of prime rate1

First recorded in 1955–60

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Example Sentences

The prime rate has been cut almost in half, and we must work together to bring it down even more.

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