prime lending rate


prime lending rate
The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.

Dictionary from West's Encyclopedia of American Law. 2005.


prime lending rate
The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • prime lending rate — UK US noun [C] US ► FINANCE, BANKING, ECONOMICS PRIME RATE(Cf. ↑prime rate) …   Financial and business terms

  • prime lending rate — prime rate or prime lending rate noun The lowest rate of interest charged by a bank at any given time, usu available only to large concerns with high credit ratings, forming the base figure on which other rates are calculated • • • Main Entry:… …   Useful english dictionary

  • prime interest rate — noun the interest rate on short term loans that banks charge their commercial customers with high credit ratings • Hypernyms: ↑interest rate, ↑rate of interest * * * Banking. See prime rate. Also called prime lending rate. * * * noun, pl ⋯ rates… …   Useful english dictionary

  • prime interest rate — Banking. See prime rate. Also called prime lending rate. * * * …   Universalium

  • lending rate — UK US noun [C] BANKING, FINANCE, ECONOMICS ► the rate of interest that a bank or other financial organization charges for borrowing money: »Iceland s central bank raised its key lending rate to 13.5%. cut/raise/increase the lending rate… …   Financial and business terms

  • Prime rate — Prime rate, or Prime Lending Rate, is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with high credibility,… …   Wikipedia

  • prime rate — n. Finance the most favorable interest rate charged by a commercial bank on short term loans to large corporations: also prime interest rate or prime lending rate …   English World dictionary

  • rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… …   Financial and business terms

  • prime rate — noun : an interest rate formally announced by a bank as the lowest normally available at a particular time to its most creditworthy customers * * * Banking. the minimum interest rate charged by a commercial bank on short term business loans to… …   Useful english dictionary

  • Prime Rate — The interest rate that commercial banks charge their most credit worthy customers. Generally a bank s best customers consist of large corporations. The prime interest rate, or prime lending rate, is largely determined by the federal funds rate,… …   Investment dictionary