prime lending rate

  

Definition

Interest rate charged by banks to their largest, most secure, and creditworthy customers on short-term loans. This rate is used as a guide for computing interest rates for other borrowers. See also London Interbank Offered Rate. Also called prime rate.

News containing the term prime lending rate

Loading...



http://www.businessdictionary.com/definition/prime-lending-rate.html


Enter your email address to get our free Term of the Day newsletter!

prime lending rate is...

Nearby Terms

Popular 'Banking, Commerce, Credit, & Finance' Terms

Search volume for prime lending rate

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z