Related Words

Prime Rate: The rate a lender charges its best customers. The rate is calculated differently by each lender.

London Interbank Offered Rate (LIBOR): The rate of interest that major international banks in London charge each other for borrowings. Many variable interest rates in the U.S. are based on spreads off LIBOR. By contrast with the . . . View Full Definition

Base Rate: British equivalent of the U.S. prime rate.

Potassium Citrate: Chemical used in blue and green toners.

Portfolio Turnover Rate: For an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.

Pre-Tax Rate Of Return: Gain on a security before taxes.

Prime: To make ready. The preparatory coating.

Prime Meridian: The great circle that passes through Earth's poles and Greenwich, England (0° longitude), from which longitude is measured east and west. See also longitude, geographical or terrestrial.

Prime Paper: The highest-quality, investment-grade debt of corporations as decided by rating agencies such as Moody's.

Prime Loan: A loan offered to borrowers with better credit history (sometimes called 'A' loans). Prime loans generally are priced lower and cost the borrower less.