Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “preferred customer”

preferred customer

noun [C]
a customer who pays a company a lower price for goods or services than other customers, especially because they regularly buy from that company: Yesterday afternoon, a few banks cut their prime lending rate to preferred customers to 8% from 8.5%.
(Definition of preferred customer from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of preferred customer?
Add Cambridge dictionaries to your browser to your website

Word of the Day


to press something quickly and quite hard between two objects, especially sharp objects such as teeth or nails

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More