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prime rate

   Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
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
(Economics, Accounting & Finance / Banking & Finance) the lowest commercial interest rate charged by a bank at a particular time
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Common indexes used include Prime rate plus x, LIBOR (London Interbank offered rate) or other index, including one developed by the lender.
Home Loan Rate Facts You Should Know About Adjustable Rate Mortgage by Alan Lim / Finance and Investment community
After the introductory period ends the rate is based on the prime rate plus the margin.
How to Shop for A Home Equity Line of Credit (HELOC) by Jonas Patterson / Real estate industry community
A short-term prime rate is a benchmark for interest rates on loans of less than one year to the most favored borrowers among small and midsize firms and home buyers.
Tokyo-Mitsubishi UFJ short-term prime rate increase becomes official by Japan Weekly Monitor
 
 
 
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