Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
prime rate
The interest rate that a commercial bank holds out as its lowest rate for a short-term loan to its most creditworthy borrowers, usu. large corporations. ( This rate, which can vary slightly from bank to bank, often dictates other interest rates for various personal and commercial loans. - Often shortened to prime. - Also termed prime lending rate.