prime interest rate

1. 1.

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

   Broaderinterest rate

Questions about prime interest rate

What does prime interest rate mean?

prime interest rate means "the interest rate on short-term loans that banks charge their commercial customers with high credit ratings".

Is prime interest rate a common word?

prime interest rate is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.