Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the definition of prime rate?

April 26, 2017definition Prime rate

0

Posted

What is the definition of prime rate?

1 Answer

0

Posted

Prime rate is defined as the lowest amount of interest that a financial institution will charge their customers. This is usually provided to trusted customers that have built good credit, or big corporations. For more information, look here: http://en.wikipedia.