English version

prime rate

From Longman Dictionary of Contemporary English
Related topics: Loans
prime rateˈprime ˌrate noun [countable]  BFLthe lowest rate of interest at which companies can borrow money from a bankbase rate
Examples from the Corpus
prime rateThat includes containing increases in corporate lending rates like the long-term prime rate.The long-term prime rate had been at a record low 2. 6 percent since early December.Today, the prime rate is 2. 83 percentage points higher than the yield on a 10-year government note.The interest rate may be fixed, or it may float with the prime rate.At the time of writing, the prime rate is 8 percent and the rate of inflation is under 4 percent.
From Longman Business Dictionaryprime rateˌprime ˈrate (also prime lending rate)FINANCEBANKING the most favourable interest rate for borrowing money, given by a bank to customers with the lowest risk of not repaying the loanThe prime rate is the base for various bank lending charges. rate
Pictures of the day
What are these?
Click on the pictures to check.