prime interest rate


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prime interest rate

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Noun1.prime interest rate - the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
interest rate, rate of interest - the percentage of a sum of money charged for its use
References in periodicals archive ?
SB 1143would change the 6-percent annual compound interest rate for some royalties to a floating prime interest rate.
55% per annum and subject to the variability of the prime interest rate.
55% per annum, and is subject to the variability of the prime interest rate.
In October 2000, the Federal Reserve prime interest rate was 6.
Most importantly, we document that macroeconomic factors including the prime interest rate, yield curve slope, interest rate volatility and GDP growth are major determinants of the choice among non-bank private debt, bank loans and public debt.
The so-called monetary policy statement depend only announcement of prime interest rate for policy purposes.
The bank increased its prime interest rate by one percentage point to 16 per cent on Wednesday.
Brick pointed to the period between July 1, 2004 and June 29, 2006, a period of just under two years, the prime interest rate rose from 4.
Chris Hemann, chief of the public outreach and assistance division at the ADEQ, said the Small Business Revolving Loan Fund can offer small-business loans at an interest rate that's 80 percent of the prime interest rate.
After a year of historical prime interest rate fluctuations, 1980 ended the year with a historical prime interest rate high of 21.
The Federal Reserve has indicated it plans to lower the prime interest rate in the coming weeks (Goldman's prediction is that the prime will drop from its current 4-1/4 percent to 2-1/2 percent by the third quarter).
Davis points out that in early November, the prime interest rate was unchanged at 8.