Prime-rate
noun, Banking.
1.
the minimum interest rate charged by a commercial bank on short-term business loans to large, best-rated customers or corporations.
noun
1.
the lowest commercial interest rate charged by a bank at a particular time
prime rate definition
The interest rate that banks charge to corporations that are considered excellent risks.
Note: The prime rate is usually the lowest prevailing interest rate; if it rises, rates available to consumers will soon rise.
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