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prime rate
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prime rate


Our line of credit is at the prime rate + 1 percent.
  the short-term interest rate announced by leading banks to charge their best customers
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Notes:
In practice, the very best customers are probably paying less than the prime rate.
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Samples:
  • Our line of credit is at the prime rate + 1 percent.
  • If that is necessary and, frankly, if I’m alive, every cent will be returned with interest far in excess of the prime rate.
    Robert Ludlum  --  The Bourne Supremacy
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Associated words [difficulty]:   prime rate , pawn shop [4] , con artist [7] , deposit slip [7] , installment plan [7] , fringe benefit [8] , pyramid scheme [8] , bounced check [9] , claims adjuster [9] , community property [9] , estate planning [9]
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Most commonly used in these subjects:   Personal Finance, Business, Law
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