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New York prime loan rate

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  • Prime rate — The interest rate at which banks lend to their best ( prime) customers. Much more often than not, a bank s most creditworthy customers borrow at rates below the prime rate. The New York Times Financial Glossary * * * prime rate prime rate ➔ rate1 …   Financial and business terms

  • Variable rate loan — Loan made at an interest rate that fluctuates based on a base interest rate such as the Prime Rate or LIBOR. The New York Times Financial Glossary …   Financial and business terms

  • Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …   Wikipedia

  • Interest rate — Finance Financial markets Bond market …   Wikipedia

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