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

译员Joanne，亚洲顶尖法学院国际贸易专业，擅长翻译涉及媒体、体育和娱乐领域的法律文件。