What is prime rate?
Prime rate is the minimum interest rate charged by a commercial bank on short-term business loans to large customers. ChaCha!
Answered by Mark H. -
Older Answers
Prime rate is among the most widely used benchmark in setting home equity lines of credit and credit card rates.
Answered -
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (best interest rate). ChaCha!
Answered by Sherry P. -
An interest rate formally announced by a bank to be the lowest available at a particular time to its most credit-worthy customers.
Answered by David R. -
Related Questions
-
Hmm... we sent that Answer to you already! Txt GETNEW to get ...
-
The top rated prime-time United States television programs fr...
-
What is the prime rate of $ 30?
The prime rate is 30 dollars ChaCha on!
-
What is the current prime lending rate?
3.25% is the current WSJ Prime Lending Rate. ChaCha!
-
What is the prime interest rate?
The current prime rate which is used by banks to to determine...
Comments