Home  | Term of the Day | |||
| prime rate 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. | ||||
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| Usage Example Our firm was quite pleased with the prime rate we had, and had plans to maximize our leverage of it to further expand our operations. | ||||
Term of the Day
Lobo- Moderator
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Join date : 2013-01-12
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