Definition of prime rate noun from the Oxford Advanced Learner's Dictionary


prime rate

BrE BrE//ˈpraɪm reɪt//
; NAmE NAmE//ˈpraɪm reɪt//
jump to other results
(in the US) the lowest rate of interest at which business customers can borrow money from banks compare base rate
See the Oxford Advanced American Dictionary entry: prime rate