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 other words, the average cardholder pays roughly 15% in annual interest on top of the prime rate.
—
Daniel De Visé, USA TODAY, 26 Oct. 2024
The prime rate is, in theory, the rate lenders charge their most creditworthy customers.
—Daniel De Visé, USA TODAY, 26 Oct. 2024
The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People’s Bank of China (PBOC) said.
—Lee Ying Shan, CNBC, 21 Oct. 2024
Asian equities were mostly lower this week as Mainland China, South Korea, and Pakistan outperformed as China cut the 1 and 5-year loan prime rates (LPRs), which help set mortgage rates.
—Brendan Ahern, Forbes, 25 Oct. 2024
See all Example Sentences for prime rate 
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Daniel De Visé, USA TODAY, 26 Oct. 2024
The prime rate is, in theory, the rate lenders charge their most creditworthy customers.
—Daniel De Visé, USA TODAY, 26 Oct. 2024
The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People’s Bank of China (PBOC) said.
—Lee Ying Shan, CNBC, 21 Oct. 2024
Asian equities were mostly lower this week as Mainland China, South Korea, and Pakistan outperformed as China cut the 1 and 5-year loan prime rates (LPRs), which help set mortgage rates.
—Brendan Ahern, Forbes, 25 Oct. 2024
See all Example Sentences for prime rate
Dictionary Entries Near prime rate
Cite this Entry
“Prime rate.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prime%20rate. Accessed 21 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share