For Prime Rate we have terms and definitions in 17 topics. The topics are Accounting, Accounting Terms, Credit, Credit Cards, Debt Consolidation, Finance, Financial, Financial Modeling, Frauds and Scams, Home Equity, Homeowners Insurance, Insurance, International Economics, Purchasing A Home, Real Estate, Refinance and Securities.

Prime Rate (Accounting)

is the interest rate that banks charge to their preferred customers. Changes in the prime rate influence changes in other rates; mortgage interest rates for example.

Prime Rate (Accounting Terms)

Rate of interest charged by major U.S. banks on loans made to their preferred customers.

Prime Rate (Credit)

An index rate that determines the interest rate a bank will charge customers. It is one way that a credit card company determines APRs.

Prime Rate (Credit Cards)

The prime rate is an index used to calculate the applicable APR for a variable rate account.

Prime Rate (Debt Consolidation)

The interest rate charged by lenders to their best, most creditworthy customers. A less credit worthy customer may be offered a loan at the prime rate plus anywhere from 2 to 10 percent. Borrowing at below-prime also occurs, but is less common and usually applies to businesses, not individual consumers. The Federal Reserve determines whether to lower or raise the prime rate based on a variety of economic factors. Many consumer loans, such as auto, home equity, mortgage and credit card loans are based upon the prime rate. Building and maintaining a good credit history are two of the most important qualifications for prime-rate borrowing.

Prime Rate (Finance)

The interest rate at which banks lend to their best (prime) customers. More often than not, a bank's most creditworthy customers borrow at rates below the prime rate.

Prime Rate (Financial)

The interest rate banks charge on loans to their biggest and best customers.

Prime Rate (Financial Modeling)

The interest rate the Federal Reserve Bank charges its best customers for funds it lends them.

Prime Rate (Frauds and Scams)

Interest rate charged by banks to their most creditworthy and largest corporate customers. The prime rate is used as a base rate for other types of loans such as personal, commercial and financing. These types of loans are normally of an interest rate a few points above the prime rate. Additionally, as the customer's creditworthiness declines, the interest rate will increase.

Prime Rate (Home Equity)

The interest rate charged by lenders to their best, most creditworthy customers. A less credit worthy customer may be offered a loan at the prime rate plus anywhere from 2 to 10 percent. Borrowing at below-prime also occurs, but is less common and usually applies to businesses, not individual consumers. The Federal Reserve determines whether to lower or raise the prime rate based on a variety of economic factors. Many consumer loans, such as auto, home equity, mortgage and credit card loans are based upon the prime rate. Building and maintaining a good credit history are two of the most important qualifications for prime-rate borrowing.

Prime Rate (Homeowners Insurance)

This is the interest rate that banks use for their most creditworthy customers.

Prime Rate (Insurance)

Interest rate that banks charge to their most creditworthy customers. Banks set this rate according to their cost of funds and market forces.

Prime Rate (International Economics)

The interest rate that a country's largest banks announce for loans to their best customers. In practice, their most creditworthy customers get a rate lower than this.

Prime Rate (Purchasing A Home)

The interest rate that banks charge to their preferred customers. Changes in the prime rate influence changes in other rates, including mortgage interest rates.

Prime Rate (Real Estate)

The minimum interest rate a commerical bank will charge to its largest clients. Prime rates are determined in part by the rate the bank pays for the money they lend to borrowers. Decisions of the Federal Reserve Bank (The Fed) to increase or decrease the supply of money can cause the prime rate that banks charge to fluctuate. (See Federal Reserve System)

Prime Rate (Refinance)

The interest rate charged by lenders to their best, most creditworthy customers. A less credit worthy customer may be offered a loan at the prime rate plus anywhere from 2 to 10 percent. Borrowing at below-prime also occurs, but is less common and usually applies to businesses, not individual consumers. The Federal Reserve determines whether to lower or raise the prime rate based on a variety of economic factors. Many consumer loans, such as auto, home equity, mortgage and credit card loans are based upon the prime rate. Building and maintaining a good credit history are two of the most important qualifications for prime-rate borrowing.

Prime Rate (Securities)

The interest rate banks charge their best customers.

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