Base rate

 

 

 

Base rate

 

Glossary of business

 

Definition of base rate

 

The rate of interest on which financial institutions base their lending rates. It is used to set all their other interest rates. Their loan rates will be a certain percentage above the base rate, and their savings rates below. When they change their base rate all the other rates are automatically changed.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of base rate

 

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Meaning of base rate

 

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