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The prime rate is the lowest interest rate that banks will charge on loans at a given time, based on the Federal Funds Rate.
Individual banks set their own prime rate, which they may also call their "Reference Rate" or "Base Lending Rate." It is the least they will charge for a loan at a given time, based on the creditworthiness of the customer, and the only clients whose risk of default is low enough to approach the prime rate are very large commercial clients.
The prime rate index published by the Wall Street Journal becomes a benchmark for many kinds of lending nationwide. The prime rate is always going to move in step with the Federal Funds Rate, which is the rate that banks charge each other for overnight loans, and the largest banks will generally share the same prime rate.
A support line represents an estimation of where a price is likely to stop moving downwards, based on recent data in technical analysis
Mutual funds that do not charge a front-end or back-end sales load are known as no-load funds
The worst day for the markets, in terms of the largest single-day point loss by the Dow Jones, was September 29th, 2008
A yield curve is an illustration of the current duration-to-yield relationship for bonds of the same credit rating...
Roth IRAs contain after-tax contributions that actually remain accessible to you at any time, without tax or penalty
Probate is the legal process that takes place after a person’s death, during which legal documents (such as wills and...
An interest rate is a simple principle that’s been around for centuries, whereby a borrower has to pay for money borrowed
The Bond Purchase Agreement is the contract in which the underwriting firm states the price at which they intend to...
Adaptive Price Zone is a volatility-based trading indicator. Similar to traditional Bollinger Bands
CTRs are required filings to the Financial Crimes Enforcement Network to report all cash transactions worth over $10,000