English Dictionary

PRIME INTEREST RATE

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IPA (US): 

 Dictionary entry overview: What does prime interest rate mean? 

PRIME INTEREST RATE (noun)
  The noun PRIME INTEREST RATE has 1 sense:

1. the interest rate on short-term loans that banks charge their commercial customers with high credit ratingsplay

  Familiarity information: PRIME INTEREST RATE used as a noun is very rare.


 Dictionary entry details 


PRIME INTEREST RATE (noun)


Sense 1

Meaning:

The interest rate on short-term loans that banks charge their commercial customers with high credit ratings

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("prime interest rate" is a kind of...):

interest rate; rate of interest (the percentage of a sum of money charged for its use)


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