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Related to prime rate: prime interest rate
The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers. Also called 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.
(Banking & Finance) the lowest commercial interest rate charged by a bank at a particular time
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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`.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.