prime rate
Definition of prime rate
: 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 interest rate
1958
First Known Use of prime rate
1958
PRIME RATE Defined for English Language Learners
prime rate
Definition of prime rate for English Language Learners

: the lowest interest rate that banks will give to people who borrow money from them
Law Dictionary
prime rate
Legal Definition of prime rate
: 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
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