Prime Rate: Canada Debt .ca defines Prime Rate

Bankruptcy Term Prime Rate

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Canada Debt has the definition to the bankruptcy and debt term Prime Rate. Finding answers to terms such as Prime Rate can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Prime Rate in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Prime Rate' is used as follows:

The interest rate a financial institution charges on loans to its best customers.