noun
EXAMPLES FROM CORPUS
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At the time of writing, the prime rate is 8 percent and the rate of inflation is under 4 percent.
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That includes containing increases in corporate lending rates like the long-term prime rate .
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The interest rate may be fixed, or it may float with the prime rate .
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The long-term prime rate had been at a record low 2. 6 percent since early December.
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Today, the prime rate is 2. 83 percentage points higher than the yield on a 10-year government note.