## Prime interest rate used in a sentence

An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Since banks borrow money from you (in the form of deposits), they also pay you an interest rate on your money. If you want to explain prime interest rates to someone use an example of a home equity line of credit. Compare the current HELOC interest rates from a variety of lenders. You’ll see that some rise above the prime interest rate of 4 percent, some fall below and others use the exact rate.

The prime object of interest is the cathedral of St Magnus, a stately cruciform red sandstone structure in the severest Norman, with touches of Gothic. It was founded by Jarl Rognvald (Earl Ronald) in 1137 in memory of his uncle Jarl Magnus who was assassinated in the island of Egilshay in 1115, and afterwards canonized and adopted as the This rate is used as a guide for computing interest rates for other borrowers. Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary Dictionary Toggle navigation. Uh oh! You're not signed up Use 'prime lending rate' in a Sentence. The reason that the prime rate is so well known is that it is used as a basis off of which most other interest rates are calculated. Other important interest rates that are used in making capital An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Since banks borrow money from you (in the form of deposits), they also pay you an interest rate on your money. If you want to explain prime interest rates to someone use an example of a home equity line of credit. Compare the current HELOC interest rates from a variety of lenders. You’ll see that some rise above the prime interest rate of 4 percent, some fall below and others use the exact rate.

## An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Since banks borrow money from you (in the form of deposits), they also pay you an interest rate on your money.

interest rate definition: 1. the interest percent that a bank or other financial company charges you when you borrow money…. Learn more. The word in the example sentence does not match the entry word. rowers cope with financial uncertainty by agreeing that the interest rate will be two percent more than the prevailing prime rate. For example, let's say that you want to borrow \$5,000 to start a business. Company XYZ offeres you a variable interest rate loan at prime plus 5%. That means that the interest rate on the loan equals whatever the prime rate is, plus 5%. So if the prime rate is 4%, then your loan carries an interest rate of 9%. adjustable rate: Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels is often prevented by a predetermined floor and ceiling for a given rate. For example, you might see a rate set at "prime plus 2%". This floating rate: Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels is often prevented by a predetermined floor and ceiling for a given rate. For example, you might see a rate set at "prime plus 2%". This means annual percentage rate (APR): Standardized method of quoting the effective interest rate (actual cost of credit) on consumer loans, specially where interest is computed on monthly or other non-annual basis. An APR includes all fees (except penalties), and takes into account the continual reduction of principal amount through amortization. See Primed definition, of the first importance; demanding the fullest consideration: a prime requisite. See more.

### The reason that the prime rate is so well known is that it is used as a basis off of which most other interest rates are calculated. Other important interest rates that are used in making capital

prime rate Sentence Examples. The variable interest rate is calculated based on adding 3 percent to the

### How long do members think it will take to pay off that amount, at an average interest rate of 18 percent? The bank rate, which garners much attention as an

14+1 sentence examples: 1. At least one bank cut its prime rate today. 2. At the time of writing, the prime rate is 8 percent and the rate of inflation is under 4 percent. 3. Today, the prime rate is 2. 4. The long-term prime rate had been at a recor The prime rate is one of the most widely used market indicators, albeit a lagging one, and it is a major benchmark for mortgage and credit card rates. It is also often the basis for adjustable-rate loans . More meanings of “prime interest rate”. the principle of treating all people the same, and not being influenced by a person's sex, race, religion, etc. An interest rate increase directly stimulates saving and reduces real expenditure. 7. Sentencedict.com is a sentence dictionary, on which you can find good sentences for a large number of words.

## 14+1 sentence examples: 1. At least one bank cut its prime rate today. 2. At the time of writing, the prime rate is 8 percent and the rate of inflation is under 4 percent. 3. Today, the prime rate is 2. 4. The long-term prime rate had been at a recor

prime rate Sentence Examples. The variable interest rate is calculated based on adding 3 percent to the  Prime rate definition is - an interest rate formally announced by a bank to be the lowest available at a These example sentences are selected automatically from various online news sources to reflect current usage of the word 'prime rate. Which of the options below is the best punctuation for the following sentence? " Although she didn't get the new phone she wanted for her birthday __ she did get a  The prime rate is a key interest rate for commercial lending. A prime rate is the interest rate that banks give to their best customers such as large corporations. 11 Mar 2020 prime interest rate definition: → prime rate. Learn more. Improve your vocabulary with English Vocabulary in Use from Cambridge. Learn the  Definition of prime rate: The interest rate that commercial banks charge their most creditworthy borrowers, such as large Use prime rate in a sentence.

prime lending rate The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans. This rate is used as a guide for computing interest rates for other borrowers. See also London Interbank Offered Rate.