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base rate / prime rate

The interest rate at which British banks lend to their best customers is called 'base rate'. In the US, the same interest rate is called 'prime rate'.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Banking
  • Category: General banking
  • Company:
  • Product:
  • Acronym-Abbreviation:
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