Prime Lending Rate, Glossary and Terms, Depository Institutions & Credit Unions
List of United States Depository Institutions, Credit Unions, Guide Service
"Prime Lending Rate"
The interest rate that commercial banks charge their most creditworthy borrowers, such as large corporations. This rate is then referenced by financial institutions to set loan rates. Some variable loan rates, for instance, are expressed as a percentage above or below the "prime rate."