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- Dictionaryprime rate
noun
- 1. the lowest rate of interest at which money may be borrowed commercially: North American "the banks have cut their prime rate by 4 percentage points"
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- Prime rate
Interest rate at which banks lend to customers with good credit
The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy customers. Some variable interest rates may be expressed as a percentage above or below prime rate. Wikipedia
