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| a chattering or flighty, light-headed person. |
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
| prime rate | |
| —n | |
| the lowest commercial interest rate charged by a bank at a particular time | |
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.