Home > Glossary > Prime Rate

Meaning / Definition of

Prime Rate

Categories: Loan and Mortgage, Credit and Debt, Banking,

the interest rate that banks charge to preferred customers. Changes in the prime rate are publicized in the business media. Prime rate can be used as the basis for adjustable rate mortgages (ARMs) or home equity lines of credit. The prime rate also affects the current interest rates being offered at a particular point in time on fixed mortgages. Changes in the prime rate do not affect the interest on a fixed mortgage.

Featured term of the day

Definition / Meaning of

Special Personal Auto Policy (SPAP)

Categories: Insurance,

removed

Most popular terms

1. Homeowners Policy Special Form 3 (HO 3)
2. Price-to-earnings Ratio (P/E)
3. Self-insured Retention (SIR)
4. Homeowner's Insurance
5. Most Favored Venue Wording
6. Employee Retirement Income Security Act Section 404(c)
7. Quarter
8. Employee Retirement Income Security Act Section 510
9. Employee Retirement Income Security Act Stock Drop Litigation
10. Common Shares

Search a term

Keyword:

Browse by alphabet

ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ#

Browse by category

Accounting
Banking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital