Definitions
There is 1 meaning of the phrase
Prime Interest Rate.
Prime Interest Rate - as a noun
The interest rate on short-term loans that banks charge their commercial customers with high credit ratings
Example Sentences
"The prime interest rate is currently at 5%."
"Banks often adjust their lending rates in relation to the prime interest rate."
"The Federal Reserve determines the prime interest rate in the United States."
"Homeowners with adjustable rate mortgages are affected by changes in the prime interest rate."
"Businesses may take advantage of a low prime interest rate to borrow money for expansion."
