DEFINITION
US Prime Rate

"US prime rate": The rate of interest at which a commercial bank offers to lend money in the US domestic market to its most credit-worthy customers. The approximate average of prime rates quoted by the major US banks on a given day.
Loading conversations.
Similar or Related Terms
Statistics
191
Characters
42
Words
58.62
Flesch Reading Ease
10.3
Flesch Kincaid Grade