prime interest rate

noun, Banking.
1.
prime rate.
Also called prime lending rate.
Examples from the web for prime interest rate
  • The change is usually tied to movement of an outside indicator, such as the prime interest rate.
  • Interest rates are either fixed at or below the prevailing prime interest rate quoted at the time of loan commitment.
  • Capital costs depend on the prime interest rate, current high-grade corporate bond rates, and price expectations.
  • The word does not mean such loans have interest rates below the prime interest rate.