Prime Lending Rate


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Prime Lending Rate

The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.

The prime lending rate is an economic indicator and is often used as a measuring point for adjusting interest rates on other types of loans. The rate varies according to economic factors.

References in periodicals archive ?
In the past, the executive committee has expressed its concern about the magnitude of the spread between the bank rate and the prime lending rates of commercial banks," said Alweendo
BO), India's largest lender, has said that it will raise its prime lending rate by 50 basis points to 12.
The long-term prime lending rate is charged on one-year or longer loans to the most creditworthy corporate borrowers.
The long-term prime lending rate is charged to corporate borrowers deemed the most creditworthy on loans of one year or longer.
The annualized NAV and market price dividend rates for April bracket the Trust's target of approximating the prime lending rate of major commercial banks on average over time.
Bancorp (NYSE:USB) announced it will lower its prime lending rate to 6.
Global Banking News-5 November 2009-HSBC keeps prime lending rate steady(C)2009 ENPublishing - http://www.
Mizuho Corporate Bank said Tuesday it will cut its long-term prime lending rate to 1.
In recent years, banks have matched the change in the federal funds rate with an identical change in their prime lending rate often on the same day as the Fed's announcement.
Bancorp last announced a change in its prime lending rate on December 11, 2007, when it was decreased 25 basis points to 7.
NS) has reduced its benchmark prime lending rate by 25 basis points.
Still, Owen noted, even if the Fed were to raise the prime lending rate a point or more, it would still be well below what people paid over most of the last decade.
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