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 ?
The bank increased its prime interest rate by one percentage point to 16 per cent on Wednesday.
16 /PRNewswire-FirstCall/ -- Effective today, Wachovia Corporation lowered its prime interest rate to 3.
Davis points out that in early November, the prime interest rate was unchanged at 8.
A quarter percentage point increase in the prime interest rate causes only an eighth of a percentage point increase in mortgage rates.
Should we be upset or surprised by the latest prime interest rate cut by the Federal Reserve/Greenspan (Business, June 26)?
During the second quarter of 2002, the prime interest rate stood at 4.
For the 2000 growing season, Pioneer launched a sales program called TruChoice, which offers deferred payments to farmers on seed purchases that also could be expanded to include select crop protection products at 3 points below the prime interest rate.
Molina said the prime interest rate has escalated to 28-30%, which has brought about a deceleration of the economy.
Banks in Hong Kong said Friday they will raise prime interest rate by 0.
Regions Financial Corporation (NYSE: RF) today announced that it has cut its commercial prime interest rate to 3.
With the prime interest rate at eight percent, commercial banks' interest rates will still be capped at 12 percent a year, the central bank said.
If the prime interest rate rises--as most people anticipate--the interest on those loans will rise, too, and her yield will increase.