prime rate

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prime rate

n.
The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers. Also called prime interest rate.

prime rate

n
(Banking & Finance) the lowest commercial interest rate charged by a bank at a particular time

prime′ rate′


n.
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′ in′terest rate`.
References in periodicals archive ?
PNC Financial Services Group Inc (NYSE: PNC) has said that it has raised its prime lending rate to 4.
Bank of America Corporation (NYSE:BAC) revealed on Thursday an increase in its prime lending rate with immediate effect.
75 percent, while the prime lending rates also saw a similar reduction to 18.
The long-term prime lending rate is charged on loans of one year or longer to lenders' most creditworthy corporate borrowers.
The cut in the long-term prime lending rate follows a fall to 1.
Banks lower their prime lending rate to 9 1/4 per cent.
Bancorp last announced a change in its prime lending rate on October 29, 2008, when it was decreased 50 basis points to 4.
Fifth Third Bancorp (NASDAQ: FITB) has said that it has increased its prime lending rate to 4.
M2 EQUITYBITES-December 22, 2015-KeyCorp raises prime lending rate to 3.
The move is expected to help all those borrowers whose home loans are linked to the prime lending rate which is as high as 14.
BE), has said that it will increase its long-term prime lending rate for April to 1.
It is with great pleasure that we announce that our prime lending rate and home loan base rate will be dropped by 1 % to 11.

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