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Prime Lending Rate
(redirected from prime rate)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson 0.02 sec.

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.



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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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