Prime lending rate

prime interest rate

noun Banking.
Also called prime lending rate.
Dictionary.com Unabridged

prime rate

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


Origin:
1955–60

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
prime rate
 
n
the lowest commercial interest rate charged by a bank at a particular time

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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American Heritage
Cultural Dictionary

prime rate definition


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

Note: The prime rate is usually the lowest prevailing interest rate; if it rises, rates available to consumers will soon rise.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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