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interest rate vs prime interest rate

prime interest rate vs interest rate

interest rate and prime interest rate both are nouns.

Word NounAdjectiveVerbAdverb
interest rate Yes No No No
prime interest rate Yes No No No
As nouns, prime interest rate is a hyponym of interest rate; that is, prime interest rate is a word with a more specific, narrower meaning than interest rate:
  • interest rate: the percentage of a sum of money charged for its use
  • prime interest rate: the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
Other hyponyms of interest rate include bank discount, discount, discount rate, discount rate, base rate, usury, vigorish, lombard rate.
interest rate (noun) prime interest rate (noun)
the percentage of a sum of money charged for its use the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
Difference between interest rate and prime interest rate

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