Definition of prime rate in English:

prime rate

noun

North American

The lowest rate of interest at which money may be borrowed commercially.
优惠贷款利率，最低贷款利率
the banks have cut their prime rate by 4 percentage points
Example sentencesExamples
- The average rate for the credit lines is the prime rate - the interest rate banks charge their most creditworthy customers.
- Still, banks are facing shrinking interest margins as they offer lower prime rates to attract homebuyers to take on mortgages.
- The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause.
- At closing, the loans will be fixed at the prime rate, which now is 4 percent.
- Some short-term home-equity loans are tied to the prime rate; longer-term rates may be a point or two higher than your existing mortgage.

Definition of prime rate in US English:

prime rate

noun

North American

The lowest rate of interest at which money may be borrowed commercially.
优惠贷款利率，最低贷款利率
the banks have cut their prime rate by 4 percentage points
Example sentencesExamples
- At closing, the loans will be fixed at the prime rate, which now is 4 percent.
- Some short-term home-equity loans are tied to the prime rate; longer-term rates may be a point or two higher than your existing mortgage.
- Still, banks are facing shrinking interest margins as they offer lower prime rates to attract homebuyers to take on mortgages.
- The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause.
- The average rate for the credit lines is the prime rate - the interest rate banks charge their most creditworthy customers.

单词	prime rate
释义	Definition of prime rate in English: prime rate noun North American The lowest rate of interest at which money may be borrowed commercially. 优惠贷款利率，最低贷款利率 the banks have cut their prime rate by 4 percentage points Example sentencesExamples The average rate for the credit lines is the prime rate - the interest rate banks charge their most creditworthy customers. Still, banks are facing shrinking interest margins as they offer lower prime rates to attract homebuyers to take on mortgages. The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause. At closing, the loans will be fixed at the prime rate, which now is 4 percent. Some short-term home-equity loans are tied to the prime rate; longer-term rates may be a point or two higher than your existing mortgage. Definition of prime rate in US English: prime rate noun North American The lowest rate of interest at which money may be borrowed commercially. 优惠贷款利率，最低贷款利率 the banks have cut their prime rate by 4 percentage points Example sentencesExamples At closing, the loans will be fixed at the prime rate, which now is 4 percent. Some short-term home-equity loans are tied to the prime rate; longer-term rates may be a point or two higher than your existing mortgage. Still, banks are facing shrinking interest margins as they offer lower prime rates to attract homebuyers to take on mortgages. The interest rate would be 8% (the prime rate at that time) with no prepayment penalty clause. The average rate for the credit lines is the prime rate - the interest rate banks charge their most creditworthy customers.
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