prime rate

prime rate
noun
: an interest rate formally announced by a bank as the lowest normally available at a particular time to its most creditworthy customers

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Banking.
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 interest rate, prime lending rate.
[1955-60]

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prime rate or prime lending rate noun
The lowest rate of interest charged by a bank at any given time, usu available only to large concerns with high credit ratings, forming the base figure on which other rates are calculated
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Main Entry: ↑prime

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prime rate UK US noun [countable] [singular prime rate plural prime rates]
the lowest rate available for borrowing money
Thesaurus: relating to borrowing money and owing moneyhyponym

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prime rate,
the lowest rate of interest charged by banks to large commercial customers with very high credit ratings: »

Rates for all other customers are scaled upward from the prime rate (Wall Street Journal).

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n. the lowest rate of interest at which money may be borrowed commercially

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noun, pl ⋯ rates [count]
: the lowest interest rate that banks will give to people who borrow money from them — called also prime, prime interest rate

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ˈprime rate f130 [prime rate] noun
(in the US) the lowest rate of interest at which business customers can borrow money from banks

Useful english dictionary. 2012.

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Look at other dictionaries:

  • Prime rate — Prime rate, or Prime Lending Rate, is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with high credibility,… …   Wikipedia

  • Prime Rate — Prime|rate, die; , Prime Rate, die; [ pra̮imreɪt ; engl. prime rate, aus: prime = Haupt ; hauptsächlich u. rate = Rate; Zins , Steuersatz] (Wirtsch., Bankw.): (in den USA) Zinssatz, den Großbanken für ihre Kredite berechnen u. der die Funktion… …   Universal-Lexikon

  • prime rate — n: an interest rate formally announced by a bank to be the lowest available at a particular time to its most creditworthy customers – called also prime, prime interest rate; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • prime rate — n. Finance the most favorable interest rate charged by a commercial bank on short term loans to large corporations: also prime interest rate or prime lending rate …   English World dictionary

  • prime rate — prime rates N COUNT A bank s prime rate is the lowest rate of interest which it charges at a particular time and which is offered only to certain customers. At least one bank cut its prime rate today …   English dictionary

  • prime rate — prime′ rate′ n. ban bus the minimum interest rate charged by a commercial bank on short term business loans to large, best rated customers or corporations Also called prime 18) prime′ in′terest rate …   From formal English to slang

  • prime rate — ● prime rate nom masculin (anglais prime rate, meilleur taux) Aux États Unis, taux d intérêt appliqué par une banque pour les crédits à court terme accordés à ses meilleurs clients …   Encyclopédie Universelle

  • prime rate — prime .rate n the lowest rate of interest at which companies can borrow money from a bank →↑base rate …   Dictionary of contemporary English

  • prime rate — prime ,rate noun count the lowest rate available for borrowing money …   Usage of the words and phrases in modern English

  • Prime rate — The interest rate at which banks lend to their best ( prime) customers. Much more often than not, a bank s most creditworthy customers borrow at rates below the prime rate. The New York Times Financial Glossary * * * prime rate prime rate ➔ rate1 …   Financial and business terms

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