Prime Rate Financial Glossary

What is it? The basic rate of interest on loans charged by commercial banks.

Finance Term Definition Added By: Gianna

The Prime Rate definition has been viewed 1794 Time(s)!

Send To Friends!

If you'd like to send the Prime Rate definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Prime Rate. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Prepayment Penalty is A penalty under a note, mortgagor deed of trust imposed when the loan is paid before it is due.

Financial Term debtor in possession is In some bankruptcy proceedings, the debtor, rather than a trustee, may continue to operate the business. The debtor in possession is the same person or company that controlled the business prior to the bankruptcy, however, the debtor in possession is a different legal entity.

Financial Term Overdraft is The amount by which withdrawals exceed deposits.

Financial Term proceeds is Money or property received when collateral is sold, exchanged, or collected.

Financial Term IP is See Integrated Project