Definitions for "PRIME RATE"
Related Terms:
Prime interest rate, Prime, Prime lending rate, Libor rate, Base rate, Introductory rate, Bank base rate, Reference rate, Variable interest rate, Rate of interest, Fixed interest rate, Teaser rate, Standard variable rate, Libor, Svr, Floating rate, Variable rate, Index rate, Fixed rate, Tracker mortgage, Interest rates, Euribor, Discount, Floating rate loan, Variable rate loan, Blended rate, Nominal interest rate, London interbank offered rate, Floating rate of interest, Variable interest, Floating interest rate, Tiered interest rate, Bank of england base rate, Interest rate floor, Capped rate, Initial rate, Start rate, Fixed rates, Adjustable rate, Fixed rate loan, Variable rate mortgage, Interest rate ceiling, Initial interest rate, Adjustable-rate loan, Adjustable rate loan, Mortgage rate, Official cash rate, Cost of funds index, Fixed rate mortgages, Index
Motor speed during a prime operation. In a linear system, the prime rate and the load rate use the same setting. In a rotary system, the prime rate may be the same as the dispensing rate, or a separate setting may be used.
The minimum rate on bank loans set by commercial banks. It is affected by overall business conditions, the availability of reserves and the general level of interest rates, and may vary geographically. Lending rates are also greatly influenced by the size of the loan; the largest loans naturally command the lowest rates. Also called Base Rate.
This is an index rate that determines the interest rate a bank charges customers.
The most favorable interest rate that banks charge... more
The interest rate which a financial institution charges its largest and best corporate customers, often used as a basis to price other loans.
An interest rate a bank will charge its strongest customers.
An index rate that determines the interest credit card issuers and banks charge their customers. It is used in part to set the Annual Percentage Rate (APR).
The rate of interest charged by a financial institution on loans to its most creditworthy customers. It is often thought of as the lowest available interest rate and is used as a benchmark when setting interest rate levels for other borrowers.
The prime rate is the interest rate that commercial banks in the U.S. charge their best customers. The prime rate is regularly used as an index or standard of measure by credit card companies to determine the interest rate for their business.
The interest rate banks charge for loans to their biggest and highest-rated customers. A major economic indicator often used to set variable interest rates for credit cards and loans.
Interest rate that commercial banks charge their credit worthy borrowers such as large corporations.
A benchmark rate used by banks to set interest charges on a variety of corporate and consumer loans, including some adjustable home mortgages, revolving credit cards and business loans. Banks set the rate based on their borrowing costs, as reflected by the interest on short-term Treasury securities in the bond market.
The interest rate that banks charge their largest commercial investors.
The interest rate that commercial banks charge their most creditworthy borrowers, such as large corporations. The prime rate is a lagging indicator. also called prime. see also adjustable rate.
Is the rate that commercial banks charge their most credit worthy customers.
A benchmark that a financial institution establishes from time to time and uses in computing an appropriate rate of interest for a particular loan contract.
Interest rate that commercial banks charge their most credit worthy customers, such as corporations. This is a useful measure for current lending rates, as most banks charge a few points above prime on mortgages, personal loans, and other less credit worthy customers.
The interest rate banks charge their best corporate customers.
A rate of interest that banks charge to those institutions they consider most creditworthy.
see base rate.
The rate of interest at which a commercial bank offers to lend money to its most credit worthy customers.
The basic interest rate on corporate loans posted by at least 75% of the nation's 30 largest banks. The Prime Rate is monitored by the Federal Reserve. The interest rate you pay for college loans or auto loans is governed by the Prime Rate.
Interest charged by financial institutions to toprate borrowers.
Rate of interest charged by major U.S. banks on loans made to their preferred customers.
The base rate used on high-grade corporate loans by major rates, serving as an index for many types of loans.
The interest rate that a country's largest banks announce for loans to their best customers. In practice, their most creditworthy customers get a rate lower than this.
The base interest rate dictated by the large financial institutions, a credit card APR is often based on the prime rate with an additional fixed amount to make a profit.
The lending rate set by the Federal Reserve.
A reference rate used to index the cost of money.
an adjustable rate programme that offers a low rate on construction based on prime.
The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers. Also called prime interest rate. This rate affects how you'll be able to finance your new home.
The interest rate banks charge their most creditworthy customers. All interest rates charged by banks, including credit card rates, are based on the prime rate.
The rate of interest a bank uses as a base for loans to individuals and small to midsize business.
The interest rate banks charge to their most credit-worthy (low-risk) customers. It is based on the rate established by the Bank of Canada.
This typically refers to the best rate for short-term commercial paper. This is not a stable index.
The Prime Rate is the rate banks use in pricing short-term commercial loans to their most creditworthy customers. This index is currently used to calculate the interest rate on some private loans. The Prime Rate can also be found in the business section of most newspapers, and in the Tuesday edition of the Wall Street Journal.
An interest rate formally announced by a bank, the lowest available at a particular time to its most creditworthy customers. The U.S. Small Business Administration uses the prime rate published in The Wall Street Journal.
The interest rate charged to the bank's most creditworthy clients. A benchmark or guideline interest rate that a bank establishes from time to time and uses in calculating an appropriate rate for a particular loan contract. The interest rate a bank pays to borrow money.
A fluctuating interest rate which banks charge to their customers
The interest rate banks charge for loans to their biggest and highest rated customers. The prime rate is determined by the Federal Reserve and published in the Wall Street Journal.
The interest rate banks charge their most creditworthy commercial customers. Banks use the prime as a base to set rates for credit cards, home-equity loans, and other loans, including loans to small and medium-size businesses.
The rate charged by creditors to its best borrowers as advertised in the Wall Street Journal.
The base line interest rate that chartered banks charge.
The interest charged by banks on short-term loans to businesses with the best credit ratings.
A base interest rate, determined independently by banks, that generally is charged the bank's most creditworthy customers.
the lowest rate of interest charged by banks on commercial loans to their most preferred customers
The interest rate that commercial banks charge their prime or best credit-rated customers. Those are generally large corporations.
The rate of interest charged by banks to their best corporate customers.
What large banks charge their best corporate customers. The prime rate quoted in the Wall Street Journal is the prime rate posted by at least 75% of the nations 30 largest banks.
The interest rate that is charged by commercial banks to preferred customers for short term loans, often the basis of interest levels in the general economy.
The rate banks charge their most creditworthy customers. It is determined by market forces affecting a bank's cost of funds, and the rates that borrowers will accept.
Interest rate commercial banks charge their most creditworthy customers for short-term loans. Prime is a yardstick for trends in interest rates, and it is often a baseline for establishing interest rates; ( i.e., prime + x%).
the interest rate banks charge their large corporate customers.
the interest rate charged by financial institutions to customers whose credit standing is high enough that there is little risk to the lender when it makes the loan.
The interest rate a bank charges its largest and most desirable customer.
The interest rate that banks charge other banks for borrowing capital
Rate at which banks lend to their most favored costumers.
The interest rate charged by banks to their preferred corporate customers, it tends to be an estimator for general trends in short term interest rates.
Means, under the Nuclear Fuel Waste Act, for any day, the rate of interest charged by banks to their most credit-worthy borrowers for short-term business loans, as determined and published by the Bank of Canada for the month in which the day falls.
The most favorable interest rate charged by a commercial bank for short term loans; a benchmark from which a bank computes an appropriate rate of interest for a loan contract.
(1) The rate from which lending rates by banks are calculated in the US. (2) The rate of discount of prime bank bills in the UK.
The interest rate at which banks will lend money to their best customers. As published in the Wall Street Journal, it is used as the basis for most variable rate loans.
A rate determined by the Federal Reserve used to calculate interest rates on loans.
This is the rate of interest that commercial banks charge their most creditworthy customers. Interest rates on private education loans are often based on the prime rate. A major influence on adjustments to the prime rate is federal monetary policy. When the Federal Reserve Board raises or lowers the discount rate (the interest rate charged on loans to member banks) lenders adjust their prime rate accordingly. This generally results in subsequent interest adjustments for loans with variable rates.
An index used to adjust adjustable rate loans. The rate a bank charges it's best customers.
the rate at which banks lend to their most creditworthy customers.
The interest rate that banks charge to their preferred customers. Changes in the prime rate influence changes in other rates, including mortgage interest rates.
The best interest rate available. Offered to individuals with excellant credit.
The interest rate a bank charges its most creditworthy customers for short-term loans of less than one year
The interest rate banks charge, determined by market forces affecting a bank's cost of funds and the rates the borrowers will accept. This rate tends to become standard for the banking industry when a major bank raises or lowers its rate.
the interest rate that lenders charge their very best, most-reliable customers.
the interest rate that banks charge to their most preferred commercial customers. It tends to be the yardstick for general trends in interest rates.
The interest rate that banks charge their preferred customers. Changes in this rate affects other interest rates including mortgages.
"Prime" means "best," and this rate is what banks charge their best commercial customers for loans. The Prime changes often, is reported daily in the Wall Street Journal, and is used as a reference point for many businesses. For instance, the Prime Rate is used by some financial institutions to set the APR for credit cards.
An interest rate a bank will charge their best or most credit-worthy customers.
The rate of interest on loans that commercial banks charge their most creditworthy customers.
The interest rate that banks and other lending institutions charge other banks or preferred customers.
The interest rate a bank charges to its best or "prime" customers.
The interest rates that banks charge to other banks or large corporate borrowers. Banks set their own prime rate and is often used as a basis for determining variable interest rates for loans such as credit cards or mortgages.
The interest rate that banks charge to their best customers for short-term loans. Changes in the prime rate can influence changes in other interest rates.
The interest rate commercial banks charge their most creditworthy customers.
The rate, as announced from time to time by commercial banks, as the prime rate. (See Interest Rate).
The rate of interest charged by a lender to its best customers.
The rate at which banks borrow money from each other. Prime rate is an index used by variable-rate loan programs.
The interest rate (or discount rate) which a commercial bank charges for short-term loans to borrowers with highest credit ratings; the minimum obtainable interest rate in commercial banking at a particular point in time; often the basis for "floating rates" such as "Prime Plus 2", meaning the prevailing prime rate plus two percentage points.
The prime rate is an index used to calculate the applicable APR for a variable rate account.
The best interest rate available to a lender's most qualified customers.
The fluctuating interest rate that banks charge to their best business customers. Many commercial loans have interest rates that fluctuate based on the prime rate.
The interest rate charged by leading banks to their best, most secure customers. It tends to be a yardstick for general trends in interest rates.
The interest rate that banks charge to their preferred customers. Changes in the prime rate are widely publicized in the news media and are used as the indexes in some adjustable rate mortgages, especially home equity lines of credit. Changes in the prime rate do not directly affect other types of mortgages, but the same factors that influence the prime rate also affect the interest rates of mortgage loans.
The Prime Rate, published daily in the nation's leading financial publications, is a financial index offered by some of the U.S.'s largest banks reflecting the current domestic and world economies. The Prime Rate is the base rate for most variable APRs (expressed as the Prime Rate + another set rate). In fact, the continual fluctuation of the Prime Rate is what makes some APRs "variable".
The best rate charged on loans, usually saved for the best clients of the lenders. May also be set by a national institution as a benchmark or index for other lenders.
The minimum interest rate a commerical bank will charge to its largest clients. Prime rates are determined in part by the rate the bank pays for the money they lend to borrowers. Decisions of the Federal Reserve Bank (The Fed) to increase or decrease the supply of money can cause the prime rates banks charge to fluctuate. ( See Federal Reserve System )
The interest rate charged by banks on loans to the largest and highest-rated customers. This economic indicator often serves as the basis for variable interest rates.
The interest rate a financial institution charges on loans to its preferred customers.
An artificial rate set by commercial bankers. Many banks will use the Wall Street Prime rate. This is a rate set by the top lending banks in the country.
The rate charged by banks to their preferred customers. Often used as the index for Home Equity Credit Lines but only rarely for first mortgages.
Interest rate banks charge to their most creditworthy customers. The rate is determined by the market forces affecting the bank's cost of funds and the rates that borrowers will accept.
The lowest commercial interest rate charged by banks an short term loans to their most credit worthy borrowers.
The interest rate banks use in pricing loans to their most credit- worthy customers.
(aka Prime Lending Rate or Prime Interest Rate) the base lending percentage rate reported by the larger commercial banks.
This is the rate given to “good†credit borrowers. For short term loans, it is the lowest commercial rate of interest that is charged by a bank.
The most favorable interest rate banks will charge on a short-term loan to other banks or major business customers. Most credit card rates (APR's) are established as the prime rate plus some additional amount (i.e. Prime + 12%).
Interest rate charged by major banks to their most creditworthy customers.
The interest rate a financial institution charges its best or "prime" customers. Each institution will quote a prime lending rate. There is also a prime rate average listed in the Wall Street Journal that is an average of the largest commercial banks. The rate given to consumers on their loans is often based as the prime rate plus a certain percentage, which represents the lender's assessment of the risk in lending, plus its profit margin.
Interest rate charged by fiduciary institutions to their AAA-rate borrowers.
The interest rate charged by a bank on loans made to its most creditworthy customers.
Interest rate which is charged business borrowers having the highest credit ratings, for short term borrowing.
A short-term interest rate quoted by a commercial bank as an indication of the rate being charged on loans to its best commercial customers. Even though banks frequently charge more and sometimes less than the quoted prime rate, it is a benchmark against which other rates are measured.
The lowest rate charged by banks or commercial lenders on short-term loans to their best qualified customers. Also called the reference rate.
is the interest rate that banks charge to their best customers. Most individuals and institutions cannot borrow at the prime rate because the prime rate is reserved only to those with the highest credit rating. These are usually well established institutions that are expected not to default on a loan. Credit card issuers and other lenders often use the prime rate as a base rate to determine the Annual Percentage Rate (APR) - for example ‘prime + 10%‘. Since the prime rate fluctuates from time to time, loans tied directly to the prime rate (e.g. ‘prime + 10%‘) are called ‘variable rate' loans. The APR on the variable rate loans therefore fluctuates in the same way as the prime rate fluctuates.
Prime rate is a standardized short-term borrowing rate established by the Federal Reserve Board. Most banks use the prime rate and base the loan on the creditworthiness and collateral of bank customers (e.g., prime plus 1% or prime plus 2%).
The prime interest rate is the rate charged by commercial financial institutions for short-term loans to corporations or individuals whose credit standing is high enough that little risk to the lender is involved in making the loan. This rate fluctuates based on economic conditions and may be different among financial institutions. The prime rate serves as a basis for the interest rates charged for other higher-risk loans.
The interest rate charged by a bank to its most credit worthy borrowers.
This is the best interest rate normally given by banks to customers with excellent credit scores.
The lowest interest rate charged by commercial banks to their most credit-worthy customers; other interest rates, such as personal, automobile, commercial and financing loans are often pegged to the prime.
Prime rate is the rate of interest that the banks charge their clients with the best credit which are usually corporate clients. It is usually anywhere from 1.00-2.00 percentage points above the bank rate. The interest rate you are charged on your loans will be higher than the prime rate and you will always have to pay a higher interest rate than large corporate borrowers.
The basic rate of interest on loans charged by commercial banks.
The rate of interest on loans by banks to their most credit-worthy customers.
The interest or discount rate charged by a commercial bank to its largest and strongest customers.
A banking index that is published on the first business day of every month in The Wall Street Journal. Many variable APRs are tied to the Prime Rate
Interest charged by financial institutions to top-rate borrowers.
An index used to calculate the applicable APR for a variable rate account. One frequently used index is a composite of the average prime rates of the largest commercial banks as published in The Wall Street Journal.
The interest rate that a commercial bank charges its best customers for a loan (i.e. similar to LIBOR)
The interest rate banks charge for loans to their biggest and highest rated customers. The prime rate changes based on the demand for money.
The rate of interest charged by US commercial banks to those borrowers with the strongest credit rating.
The base rate on corporate loans posted by at least 75% of the nations 30 largest banks.
The interest rate that banks charge to their most creditworthy customers. The prime rate is an important reference number, because loans to companies are often tied to it on a percentage basis. See also London Interbank Offered Rate and interest basis.
The lowest commercial interest rate charged by banks on short-term loans. Most loans are based on a level over the prime rate. For example, a bank may make a commercial loan at 2 points (percentage points) above the prime. If the prime, at that moment, is 6%, then the loan would carry an interest rate of 8% until the prime either went up or down, requiring an adjustment in the loan rate.
The lowest commercial interest rate charge by a bank on short term loans to their most credit worthy customers.
An index rate that determines the interest rate a bank will charge customers. It is one way that a credit card company determines APRs.
A nationally quoted rate believed to represent the interest rate charged by U.S. money-center banks to their most creditworthy corporate borrowers. Prime rate may also refer to an individual lenderâs interest rate charged to its most creditworthy borrowers, although the term base rate is more commonly used.
The minimum short-term interest rate charged by commercial banks to their most creditworthy clients. Home loan rates typically are several points above the prime rate, which is also used as the basis for mortgages, business loans, and personal loans.
The lowest commercial interest rate charged by banks on short-term loans to their most credit-worthy customers. The prime rate is not the same as the long-term mortgage rate, though it may influence long-term rates. Also, it is not the same as the consumer loan rate that is charged on personal property loans and credit cards. Mortgage rates and consumer loan rates are generally higher than the prime rate, but exceptions occur at times.
The interest rate commercial banks charge their most credit worthy customers for short-term loans. Prime is a yardstick for trends in interest rates, and is often a baseline for establishing interest rates on high-risk loans.
The interest rate the Federal Reserve Bank charges its best customers for funds it lends them.
This key interest rate is what banks charge on loans to their most creditworthy customers. Most large banks follow each other in setting the prime rate. Most other interest rates to consumers and businesses are then somehow tied to the prime. A rising or falling Prime Rate indicates rising or falling demand for loans and economic activity.
The interest rate a bank charges on loans to its most creditworthy customers. Frequently cited as a standard for general interest-rate levels in the economy.
The interest rate that is charged by the banks to their most credit worthy customers.
Interest rate banks charge their best customers; loans to less creditworthy customers are pegged to the prime rate.
Interest rate charged by US banks on loans to their most creditworthy borrowers; the benchmark for other interest rates.
The interest rate charged by banks to their first-class (prime) borrowers, usually referring to short-term commercial loans. See also Market discount rate. Français: Taux pour les débiteurs de 1er ordre Español: Tipo preferencial (de interés bancario)
The base interest rate that commercial banks charge on loans.
The rate a lender charges its best customers. The rate is calculated differently by each lender.
The interest rate charged by commercial banks for short-term loans to the bank's best customers. The prime rate is often affected by changes in the Federal Funds rate.
Lowest commercial interest rate charged by a bank on short term loans to its most credit worthy customers.
The most favorable interest rate charged by lenders on a short-term loan to qualified customers. There is also a prime rate average listed in the Wall Street Journal that is an average of what the largest commercial banks charge. Rates (APRs) are established as the prime rate plus an additional amount
The rate suggested by the Bank of Canada on which most banks base their prime mortgage lending rate.
An index rate that is used to determine the APR in a variable interest rate account.
The rate of interest charged to a bank or financial institution's most credit-worthy customers.
The interest rate chartered banks charge to their most creditworthy borrowers.
the interest rate, that is charged by commercial financial institutions for loans made to those larger business borrowers that have the highest credit ratings, it is usually the best rate available
A benchmark or guideline interest rate, offered by a bank to its most creditworthy customers, reflecting their deposit balances and financial strength.
the interest rate that lenders charge their most creditworthy, or prime, customers. In the banking industry, this also refers to a rate set by major banks that usually becomes a national standard.
The best interest rate possible to the lender's most valuable customers.
The interest rates that banks charge to their preferred customers.
Interest rate charged by banks to their most credit-worthy and largest corporate customers. The prime rate is used as a base rate for other types of loans such as personal, commercial and financing. These types of loans are normally of an interest rate a few points above the prime rate.
The interest rate charged by banks to their biggest and most credit-worthy customers. Other interest rates are scaled up from the prime rate.
The rate of interest per annum announced by the lender from time to time. Most business owners are charged the printed rate plus a percentage (if the prime rate is 6%, the borrower is charged "prime + 2" or 8%).
The interest rate charged by leading banks to their best, most secure customers. The rate is determined by the market forces affecting a banks' cost of funds and the rates that borrower will accept.
Short term loans with very low interest rates are often offered at the lowest commercial interest rate available. These loans are normally only available to the most credit worthy customers.
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At one time, prime was the rate banks charged for loans to their most creditworthy business customers. Now, business financing is much more diverse and the prime rate has become an important benchmark for consumer loans. It's still a rate that applies only to the best credits. Frequently a loan rate will be set in relation to the prime rate -- for example, one percentage point above prime.
Interest rate that banks charge to their most creditworthy customers. Banks set this rate according to their cost of funds and market forces.
Formerly, it was the interest rate a bank charged its best or prime customers. Now, it's simply an index used by banks to set consumer interest rates. (Prime customers get loans at below prime rate.)
The minimum interest rate charged by a commercial bank on short-term loans to its largest and strongest clients(those with the highest credit standings).
The interest rate that banks charge to loan money. This rate has some indirect effects on the rate lenders charge (mortgage rates).
Varying interest rate that banks charge to their customers.
the rate charged by banks to their most financially strong customers
Interest rate banks use as a benchmark. When a major bank changes its prime rate, others tend to follow which causes the prime rate to remain relatively consistent throughout the banking industry. Often used as a floating index.
The short-term interest rate charged by a bank to it's best customers.
The interest rate that banks use in pricing loans.
The interest rate charged by lenders to their best, most creditworthy customers. A less credit worthy customer may be offered a loan at the prime rate plus anywhere from 2 to 10 percent. Borrowing at below-prime also occurs, but is less common and usually applies to businesses, not individual consumers. The Federal Reserve determines whether to lower or raise the prime rate based on a variety of economic factors. Many consumer loans, such as auto, home equity, mortgage and credit card loans are based upon the prime rate. Building and maintaining a good credit history are two of the most important qualifications for prime-rate borrowing.
The interest rate designated by a lender as its prime rate and which serves as a basis for the interest rate charged to certain customers.
The most favorable interest rate that banks charge, usually to their preferred customers
The interest rate banks use to price loans to their best or "prime" customers. Many institutions quote prime rates established by large money center commercial banks.
In theory, the interest rate banks charge their best and biggest customers for short-term loans. In practice, banks sometimes vary the rate they offer, depending on other factors such as the customer's creditworthiness.
The rate at which financial institutions lend to their best customers. Prior Charge - An encumbrance ranking in priority to the mortgage in question.
Historically, in North American banking, the prime rate was the interest rate charged by lenders to borrowers who they considered most creditworthy, although this is no longer the case. The prime rate varies little among banks, and adjustments are generally made by banks at the same time, although this does not happen with great frequency. The prime rate is currently 8.25% in the United States (verified January 25, 2007), according to data published by the Federal Reserve Bank of Saint Louis.http://research.stlouisfed.org/fred2/data/PRIME.txt The prime rate for Canadian banks is currently 6.00%.
proceeds promissory note
Keywords:
principal
Principal