prime rate

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noun Banking.

the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations.

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Also called prime, prime interest rate, prime lending rate.

Origin of prime rate

First recorded in 1955–60

Words nearby prime rate

prime mover, prime number, prime number theorem, prime of life, primer, prime rate, prime ribs, primero, primers, prime the pump, prime time

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use prime rate in a sentence

Domestically, the prime minister maintains the dubious line that he is the only man who can keep the still-fragile peace.
Cambodia’s Smoke-and-Mirrors Democracy|David Shaftel|January 9, 2015|DAILY BEAST
Historically the reelection rate for members of Congress is in the area of 95 percent.
The Unbearable Whiteness of Congress|Dean Obeidallah|January 8, 2015|DAILY BEAST
With a mortality rate of 70 percent, the more cases that arise, the deadlier this epidemic becomes.
The Race for the Ebola Vaccine|Abby Haglage|January 7, 2015|DAILY BEAST
The accident rate in Asia has marred what was in 2014 a banner year for aviation safety.
Annoying Airport Delays Might Prevent You From Becoming the Next AirAsia 8501|Clive Irving|January 6, 2015|DAILY BEAST

At any rate, policy can enforce equal rights and foster equal opportunity.
No Gods, No Cops, No Masters|James Poulos|January 1, 2015|DAILY BEAST
But,” said the prime minister of Flatland, starting a difficulty, “who is to be greatest chief?
The Giant of the North|R.M. Ballantyne
In future years the poor-rate (so-called) will include, in addition to these, all other rates levyable by the Corporation.
Showell's Dictionary of Birmingham|Thomas T. Harman and Walter Showell
At any rate his stirring advice and the dispatches he brought roused the military authorities at Meerut into activity.
The Red Year|Louis Tracy
The Minister pointed out to them the attendant difficulties, and referred them to the Prime Minister.
The Philippine Islands|John Foreman
If we turn again in a new direction, it will at any rate not be in the direction of a return to autocratic mediævalism.
The Unsolved Riddle of Social Justice|Stephen Leacock

British Dictionary definitions for prime rate

prime rate

noun

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

Cultural definitions for prime rate

prime rate

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

notes for prime rate

The prime rate is usually the lowest prevailing interest rate; if it rises, rates available to consumers will soon rise.

prime rate

Origin of prime rate

Words nearby prime rate

Words related to prime rate

How to use prime rate in a sentence

British Dictionary definitions for prime rate

Cultural definitions for prime rate

notes for prime rate