bank rate

B b

Transcription

- US Pronunciation
- US IPA
- [bangk reyt]
- /bæŋk reɪt/

- US Pronunciation
- US IPA
- [bangk reyt]
- /bæŋk reɪt/

Definitions of bank rate words

countable noun bank rate The bank rate is the rate of interest at which a bank lends money, especially the minimum rate of interest that banks are allowed to charge, which is decided from time to time by the country's central bank. 3
noun bank rate the rate of discount fixed by a bank or banks. 1
noun bank rate British. the discount charge set by a central bank, as by the Bank of England. 1
noun bank rate law: interest rate 1
noun bank rate (economics) The rate of interest that a central bank charges when it lends money to another bank. 0

See all 5 definitions of bank rate

Information block about the term

Origin of bank rate

First appearance:

before 1875

One of the 25% newest English words

First recorded in 1875-80

Historical Comparancy

Parts of speech for Bank rate

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

Full grammatical hierarchy of Bank rate

bank rate popularity

A pretty common term. Usually people know it’s meaning, but prefer to use a more spread out synonym. About 40% of English native speakers know the meaning and use word.

According to our data about 54% of words is more used. This is a rare but used term. It occurs in the pages of specialized literature and in the speech of educated people.

bank rate usage trend in Literature

This diagram is provided by Google Ngram Viewer

Synonyms for bank rate

noun bank rate

interest — the feeling of a person whose attention, concern, or curiosity is particularly engaged by something: She has a great interest in the poetry of Donne.
prime rate — the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations.
annual percentage rate — the annual equivalent of a rate of interest when the rate is quoted more frequently than annually, usually monthly
prime interest rate — prime rate.
prime — of the first importance; demanding the fullest consideration: a prime requisite.

All 6 Synonyms of bank rate