prime interest rate


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prime interest rate

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The Zambezi preference shares are cumulative, non-participating redeemable preference shares which accrue dividends at a nominal rate equal to the South African prime interest rate plus 3.5%, calculated on a daily basis, based on a 365-day year, compounded annually.
While there isn't a lockstep correlation between a fluctuating prime interest rate and commercial real estate borrowing, increases nonetheless have a ripple effect for developers and investors.
It sets the prime interest rate at the one reported in The Wall Street Journal.
This financing agreement is in the form of a 42-month loan bearing interest at a minimum rate of 9.55% per annum and subject to the variability of the prime interest rate.
In October 2000, the Federal Reserve prime interest rate was 6.51%.
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.
1--If the prime interest rate goes up, stock prices go down.
For example, if revenues are based on the prime interest rate but the interest expense that must be paid is a function of London Interbank Offered Rate (LIBOR), and the traditional correlations between these two indices digress, a basis swap will protect the entity from market dislocations.
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 4.25% to 8.50%, an increase of more than 450 basis points.