prime rate
noun
: an interest rate formally announced by a bank to be the lowest available at a particular time to its most credit-worthy customers
called also prime interest rate
Examples of prime rate in a Sentence
Recent Examples on the Web
In combination with other factors, such as your credit score, the prime rate helps determine the Annual Percentage Rate, or APR, on your credit card.
—
Paul Davidson, USA TODAY, 20 Mar. 2024
There are also prime rates to be secured through Booking.com.
—Brad Japhe, Travel + Leisure, 22 May 2024
Last month, the People’s Bank of China cut its five-year loan prime rate by 25 basis points to 3.95%, the first such move since May 2023.
—William Pesek, Forbes, 27 Mar. 2024
Last month, the PBOC cut its five-year loan prime rate by 25 basis points, the largest reduction since 2019.
—Laura He, CNN, 8 Mar. 2024
See all Example Sentences for prime rate 
Paul Davidson, USA TODAY, 20 Mar. 2024
There are also prime rates to be secured through Booking.com.
—Brad Japhe, Travel + Leisure, 22 May 2024
Last month, the People’s Bank of China cut its five-year loan prime rate by 25 basis points to 3.95%, the first such move since May 2023.
—William Pesek, Forbes, 27 Mar. 2024
Last month, the PBOC cut its five-year loan prime rate by 25 basis points, the largest reduction since 2019.
—Laura He, CNN, 8 Mar. 2024
See all Example Sentences for prime rate
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'prime rate.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Prime rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20rate. Accessed 7 Jul. 2024.
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