bank base rate

Definition

noun
a basic rate of interest, on which the actual rate a bank charges on loans to its customers is calculated.
Also calledbase rate  

Use bank base rate in a sentence

You should always shop around to make sure that you are getting the best bank base rate that you can.

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The bank base rate was useful in determining the profit the bank would generate from its loans issued this year.

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The bank base rate was a basic thing and much needed to be able to handle loans between the banks and the customers.

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