Definitions for "PRIME RATE"
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.
Keywords:  promissory, proceeds, note
proceeds promissory note
Keywords:  principal
Keywords:  repayment, index, price, cost, value
The value often used as an index to price the cost of repayment of a loan.