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prime interest rate

noun, Banking.
Also called prime lending rate. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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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.

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