Prime interest rate
volume
British pronunciation/pɹˈaɪm ˈɪntɹəst ɹˈeɪt/
American pronunciation/pɹˈaɪm ˈɪntɹəst ɹˈeɪt/

Definition & Meaning of "prime interest rate"

Prime interest rate
01

the interest rate on short-term loans that banks charge their commercial customers with high credit ratings

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