prime rate

The interest rate that a commercial bank holds out as its lowest rate for a short-term loan to its most creditworthy borrowers, usu. large corporations.

• This rate, which can vary slightly from bank to bank, often dictates other interest rates for various personal and commercial loans. — Often shortened to prime.

— Also termed prime lending rate.

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词条贡献者

法律翻译Roger，在一家顶尖欧洲律师事务所的北京办公室担任全职法律翻译，专注翻译各类与北欧业务有关的法律文件。