Prime Lending Rate
PRIME LENDING RATE
The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.
The prime lending rate is an economic indicator and is often used as a measuring point for adjusting interest rates on other types of loans. The rate varies according to economic factors.
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PRIME RATE , PRIME RATE
The prime rate is the rate of interest, reported as a percentage, charged by commercial banks on short-term loans to the nation's largest,… you'll find our current interest rate very competitive. , rate1 / rāt/ • n. 1. a measure, quantity, or frequency, typically one measured against some other quantity or measure: the crime rate rose by 26 perc… Interest , Interest
Historical aspects of the interest rate
Theories of interest
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Prime Lending Rate