Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “prime rate”

prime rate

noun [C]
 
 
US ( US also prime lending rate, US also prime interest rate)
FINANCE, BANKING, ECONOMICS the lowest rate of interest that banks charge their best customers for loans over a short period and that is used for calculating the interest rates on other types of loan: The adjustment is based on the highest prime rate listed in the Wall Street Journal during the previous 90 days. The prime rate is used as a base for a wide range of loans to businesses and individuals. → See also base rate
(Definition of prime rate from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of prime rate?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “prime rate”

Word of the Day

maiden

a girl or young woman

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More