PRIME INTEREST RATE

Pronunciation (US):

(GB):

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 ratings

  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)