Try Our Apps


What does the eggplant emoji really mean?

prime rate

noun, Banking.
the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations.
Also called prime, prime interest rate, prime lending rate.
Origin of prime rate
First recorded in 1955-60 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
Cite This Source
Examples from the Web for prime rate
Historical Examples
British Dictionary definitions for prime rate

prime rate

the lowest commercial interest rate charged by a bank at a particular time
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source
prime rate in Culture

prime rate definition

The interest rate that banks charge to corporations that are considered excellent risks.

Note: The prime rate is usually the lowest prevailing interest rate; if it rises, rates available to consumers will soon rise.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Nearby words for prime rate

Word Value for prime

Scrabble Words With Friends