prime rate

noun

The interest rate that large commercial banks charge on loans to customers with a high credit rating, i.e. those seen as at low risk of default.

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Meanings

nounprime rate (plural prime rates)

plural prime rates

  1. USThe interest rate that large commercial banks charge on loans to customers with a high credit rating, i.e. those seen as at low risk of default.
Cite this entry
APA

prime rate. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/prime%20rate

MLA

“prime rate.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/prime%20rate. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “prime rate,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/prime%20rate.

Source: prime rate on Wiktionary, CC BY-SA 4.0.