prime interest rate

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noun Banking.

Also called prime lending rate.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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WordNet

prime interest rate
noun
the interest rate on short-term loans that banks charge their commercial customers with high credit ratings

WordNet® 3.0, © 2006 by Princeton University.
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Relevant Questions

00:10

Prime interest rate is always a great word to know.

So is quincunx. Does it mean:

an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.

a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.

Example sentences

Interest rates are either fixed at or below the prevailing prime interest rate quoted at the time of loan commitment.

The word does not mean such loans have interest rates below the prime interest rate.

The change is usually tied to movement of an outside indicator, such as the prime interest rate.

Capital costs depend on the prime interest rate, current high-grade corporate bond rates, and price expectations.

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