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Meaning of prime rate | Babel Free

Noun CEFR B2

Definitions

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.

US

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

prime reciprocal magic square prime rib prime ring prime subring prime suspect prime time