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Prime Lending Rate |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The interest rates on many types of consumer borrowing - including variable-rate mortgages, auto loans and credit card debt - are tied to the prime rate or directly to the federal funds rate. 50% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (5. 25% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (5. |
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