Topic Areas

Base rate

Definition:

The rate of interest used by a bank as a basis for its lending rates.

Example Sentences

Was the IRA base rate different than last month?

You're base rate will never increase for the entire life of the account.

You will be guaranteed the base rate!

Key Phrases
Official discount rate
Administrative expenses
Additional collateral
Voting share
Outstanding credits
Value at market price
Subject to collection
Affiliated company
Account activity
Act on behalf of
Long-term financing
Withholding tax
Fixed costs
Accrued liability
Safety deposit box
Adjustable-Rate Mortgage
Accrued revenue
Appraisal
Interest rate
Owner’s equity

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