prime rate

P p

Transcription

- US Pronunciation
- US IPA
- UK Pronunciation
- UK IPA
- [prahym reyt]
- /praɪm reɪt/
- /praɪm reɪt/

- US Pronunciation
- US IPA
- [prahym reyt]
- /praɪm reɪt/

Definitions of prime rate words

noun prime rate the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations. 1
noun prime rate bank's lowest interest rate 1
countable noun prime rate A bank's prime rate is the lowest rate of interest which it charges at a particular time and which is offered only to certain customers. 0
noun prime rate the lowest commercial interest rate charged by a bank at a particular time 0
noun prime rate the most favorable interest rate charged by a commercial bank on short-term loans to large corporations 0
noun prime rate A prime rate is the interest rate that banks give to their best customers such as large corporations. 0

See all 6 definitions of prime rate

Information block about the term

Origin of prime rate

First appearance:

before 1955

One of the 4% newest English words

First recorded in 1955-60

Historical Comparancy

Parts of speech for Prime rate

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

Full grammatical hierarchy of Prime rate

prime rate popularity

A pretty common term. Usually people know it’s meaning, but prefer to use a more spread out synonym. About 37% 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.

prime rate usage trend in Literature

This diagram is provided by Google Ngram Viewer

Synonyms for prime rate

noun prime rate

annual percentage rate — the annual equivalent of a rate of interest when the rate is quoted more frequently than annually, usually monthly
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.
interest rate — amount added to money borrowed

All 3 Synonyms of prime rate