prime rate
noun
: an interest rate formally announced by a bank to be the lowest available at a particular time to its most credit-worthy customers
called also prime interest rate
Examples of prime rate in a Sentence
Recent Examples on the Web
Look at how the prime rate exceeded 20% back in 1980.
—
Letters To The Editor, The Orlando Sentinel, 14 June 2025
The interest rate for this loan adjusts based on the prime rate and a profit margin added to that rate.
—Jeff Lazerson, Oc Register, 5 June 2025
The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.
—Anniek Bao, CNBC, 20 May 2025
The People’s Bank of China cut the one-year loan prime rate, the reference rate for pricing all new loans and outstanding floating rate loans, to 3.00% from 3.1%.
—Matt Ott, Chicago Tribune, 20 May 2025
See All Example Sentences for prime rate
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Letters To The Editor, The Orlando Sentinel, 14 June 2025
The interest rate for this loan adjusts based on the prime rate and a profit margin added to that rate.
—Jeff Lazerson, Oc Register, 5 June 2025
The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.
—Anniek Bao, CNBC, 20 May 2025
The People’s Bank of China cut the one-year loan prime rate, the reference rate for pricing all new loans and outstanding floating rate loans, to 3.00% from 3.1%.
—Matt Ott, Chicago Tribune, 20 May 2025
See All Example Sentences for prime rate
Cite this Entry
“Prime rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20rate. Accessed 1 Jul. 2025.
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