What is another word for prime rate?
Pronunciation: [pɹˈa͡ɪm ɹˈe͡ɪt] (IPA) 
The prime rate is a term used to describe the interest rate that financial institutions charge their most creditworthy customers. This rate is used as a benchmark for many other interest rates, including credit cards, auto loans, and mortgages. However, there are numerous synonyms for the prime rate that can be used interchangeably depending on the context. Some of these synonyms include the base rate, benchmark rate, reference rate, or standard rate. In addition to these synonyms, many financial institutions also have their own proprietary rates that are similar to the prime rate. Ultimately, the term used will depend on the industry and specific financial institution involved.
