follow Dictionary.com

8 Words That Are Older Than You Think

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
Examples from the web for prime interest rate
  • 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.

Word of the Day

Difficulty index for prime interest rate

Few English speakers likely know this word

Word Value for prime

9
11
Scrabble Words With Friends