prime rate


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Related to prime rate: prime interest rate

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 ?
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.
Conventional loans more typically are keyed to the Prime rate or to the London Interbank Offer Rate (LIBOR) index.
Prime Rate is "the base rate on corporate loans posted by at least 75 per cent of the nation's 30 largest banks.
The prime rate is a benchmark used to set interest rates on various forms of corporate and consumer credit.
said that there has already been a surge in queries about home equity lines of credit since the interest on these products move in concert with the prime rate.
This article tests for the existence of an asymmetric relation between the prime rate and market interest rates and examines whether the effects of such asymmetry are of sufficient magnitude and duration to be of concern.
It was the first cut in the long-term prime rate in four months.
The graph indicates that the drop in the average prime rate to 6 percent will result in heavy pressure to improve underwriting and pricing of insurance products, implying higher prices for insurance in the future.
i)to provide holders of the Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate in Canada plus 0.
Prime rate or the London Interbank Offer Rate (LIBOR) index," he noted.
Prime rate refers to that interest rate so denominated and set by Wachovia from time to time as an interest rate basis for borrowings.
The interest rates on many types of consumer borrowing - including variable-rate mortgages, auto loans and credit card debt - are tied to the prime rate or directly to the federal funds rate.