See Also: prime rate(dictionary)
Prime rate(finance)
Prime Rate(money)
Prime rate fund(money)
Prime rate fund(finance)
Prime(money)
PRIME(finance)
Prime(medicine)
Prime Rib(recipes)
prime(1)(dictionary)

Prime rate (finance)


The interest rate at which banks lend to their best (prime) customers. More often than not, a bank's most creditworthy customers borrow at rates below the prime rate.