What does prime rate mean?
Definitions for prime rate
prime rate
This dictionary definitions page includes all the possible meanings, example usage and translations of the word prime rate.
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Wikidata
Prime rate
Prime rate or prime lending rate is a term applied in many countries to reference an interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with good credit, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate.
Numerology
Chaldean Numerology
The numerical value of prime rate in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of prime rate in Pythagorean Numerology is: 6
Examples of prime rate in a Sentence
The medium-term lending facility (MLF) rate and Loan Prime Rate (LPR) will be cut at the same pace this month. We believe this cut is a signal to urge all loans to refer LPR as the benchmark so that the PBOC can improve the effectiveness of monetary policy transmission.
Translations for prime rate
From our Multilingual Translation Dictionary
- प्राथमिक मूल्यHindi
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"prime rate." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/prime+rate>.
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