"Prime rate" Definition
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 Glossary   >   P   >   "Prime rate" Definition   

        Prime rate

The interest rate at which banks lend to their best (prime) customers. Much more often than not, a banks most creditworthy customers borrow at rates below the prime rate.

The interest rate which banks offer to their prime customers, that is, those with the most creditworthy records. The UK equivalent is base rate.

Prime rate


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Prime rate - The interest rate at which banks lend to their best (prime) customers. Much more often than not, a banks most creditworthy customers borrow at rates below the prime rate.

The interest rate which banks offer to their prime customers, that is, those with the most creditworthy records. The UK equivalent is base rate.


Prime rate : the interest rate at which banks lend to their best (prime) customers. much more often than not, a banks most creditworthy customers borrow at rates below the prime rate.

the interest rate which banks offer to their prime customers, that is, those with the most creditworthy records. the uk equivalent is base rate.