Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
All of P
Prime Rate
Prime rate is the * interest rate leading banks charge their most * creditworthy customers.
Glossary For This Page
(In Alphabetical Order)
* Creditworthy
Past, present and future ability to qualify for credit and repay debts.
* Interest Rate
The percentage of a sum of money charged to the borrower by the lender for borrowing the lender's money.
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