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Definition of Prime interest rate
1. Noun. The interest rate on short-term loans that banks charge their commercial customers with high credit ratings.
Lexicographical Neighbors of Prime Interest Rate
Literary usage of Prime interest rate
Below you will find example usage of this term as found in modern and/or classical literature:
1. Season of Hope: Economic Reform Under Mandela And Mbeki by Alan Hirsch (2005)
"The real prime interest rate rose as high as 17.5%. As Paul Krugman reminds us,
in the era beyond the fixed currencies of the Bretton Woods agreement, ..."
2. Small Business Administration: Size of the Sba 7a Secondary Markets Is by William B. Shear (1999)
"Lenders are restricted to interest rates that do not exceed the prime interest
rate plus 2.25 percentage points for loans with maturities of less than 7 ..."
3. Main Economic Indicators by OECD Staff, Oecd, (Paris) Organisation for Economic Co-ope, Statistics Directorate (1997)
"tb) prime interest rate % pa Definition: The prime rate is the rate that banks
charge their most credit-worthy business customers on short- term loans and ..."
4. Main Economic Indicators: Sources and Definitions (1996)
"prime interest rate, % pa Definition: The Chartered banks' rates on prime business
loans are the interest rates charged to the most credit-worthy borrowers ..."
5. Breaking Into the Trade Game: A Small Business Guide to Exporting edited by Kathy Parker (1997)
"The lender may charge a maximum interest rate of 2.75 percentage points above
the New York prime interest rate, or 2.25 percentage points above New York ..."
6. A Benefit-Cost Model for the Seismic Rehabilitation of Buildings: A User's ... (1993)
"... income taxes approach fifty percent, a private corporation undertaking a
low-risk investment needs to earn approximately twice the prime interest rate. ..."
7. Class War in America: How Economic and Political Conservatives are by Charles M. Kelly (2000)
"Conclusion: wages are dead in the water; no need to raise the prime interest rate
and risk cutting into corporate profits. Discussions using the same kind ..."
8. Indian Issues: Cheyenne River Sioux Tribe's Additional Compensation for the by Charles W. Bausell, Jr. (1998)
"To value the future annual income lost to the tribe because of the taking, he
selected the 1955 prime interest rate of 2.79 percent (net of inflation) as ..."
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