Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The lowest rate of interest on bank loans at a given time and place, offered to preferred borrowers. Also called prime interest rate.

Etymologies

Sorry, no etymologies found.

Examples

  • "What's your bank prime rate today, Mr. Gavallan?"

    Noble House

  • The IDL is the percentage rate that the prime rate must achieve in order to trigger a switch.

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  • When the prime rate is rising, Money Movement becomes more of a defensive strategy, but profits are still in the 10% to 15% range for the year.

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  • From March 1987 to October 1987, while the prime rate rose from 7V2% to 9V4%, bond investments dropped 10% to 20% in value.

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  • As I write this, the prime rate is 7.75%, so Money Movement investors would wait until the prime rate reaches or exceeds the 9% level before moving from stock to money market mutual funds.

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  • The prime rate is the easiest of the interest rates for you to follow when using the Money Movement Strategy.

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  • Never invest in bonds, tax-exempt bonds, GNMAs, or government securities when the prime rate is going up.

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