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 ?
M2 EQUITYBITES-August 5, 2019--SunTrust Bank revises prime rate
Global Banking News-August 5, 2019--Huntington Bancshares Incorporated lowers prime rate
BANKING AND CREDIT NEWS-August 5, 2019--Huntington Bancshares Incorporated lowers prime rate
Hercules anticipates a 25 basis point increase in the Prime Rate will contribute approximately $3.5M, or 4c per share, of NII per annum, based on the basic weighted share outstanding as of June 30, 2018.
22 December 2011 - US investment manager Federated Investors Inc (NYSE:FII) unveiled on Thursday an agreement to buy British institutional liquidity and fixed income products provider Prime Rate Capital Management LLP from Matrix Group Limited.
The revised long-term prime rate, which is a benchmark for many personal, housing and corporate loans in Japan, will be effective from Thursday, Dow Jones noted in a related report.
The new prime rate in South Africa is as yet not clear.
Mizuho Corporate Bank to cut long-term prime rate to 1.60%
Finnish financial group Aktia plc said on Wednesday (21 January) that has reduced its prime rate by 0.75 percentage points to 2.50%.
Conventional loans more typically are keyed to the Prime rate or to the London Interbank Offer Rate (LIBOR) index.
The premium finance market is driven by external factors such as the prime rate. In December 2004 there was a 200-basis-point increase in the Federal Funds Rate, Zupan said.