Prime Rate - Law Dictionary Search Results
Home Dictionary Name: prime rateprime rate
prime rate : an interest rate formally announced by a bank to be the lowest available at a particular time to its most creditworthy customers called also prime prime interest rate ...
prime interest rate
prime interest rate : prime rate ...
prime
prime 1 : prime rate 2 : general contractor vt primed prim·ing : to have priority over [a perfected security interest s an unperfected one] ...
sub-prime loan
sub-prime loan "B" Loan or "B" paper with FICO scores from 620 - 659. "C" Loan or "C" Paper with FICO scores typically from 580 to 619. An industry term to used to describe loans with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates and fees. Source: U.S. Department of Housing and Urban Development ...
prime minister
prime minister 1 : the chief minister of a ruler or state 2 : the official head of a cabinet or ministry ;esp : the chief executive of a parliamentary government prime min·is·te·ri·al [-mi-nə-stir-ē-əl] adj prime min·is·ter·ship n prime min·is·try [-mi-nə-strē] n ...
Prime Minister
Prime Minister. The statesman who in response to a summons from the King accepts the commission to form a Ministry; the Premier. The expression is of comparatively recent origin, dating from about the end of the eighteenth century. By a Royal warrant of December, 1905, he takes precedence directly after the Archbishop of York See Lord Morley's Walpole, ch vii., for an account of the position of the Prime Minister, and Ministers of the Crown Act, 1937 (1 Edw. 8 & 1 Geo. 6, c. 38)....
Rate
Rate, A contribution levied by some public body for a public purpose, as a poor rate, a highway rate, a sewers rate, upon, as a general rule, the occupiers of property within a parish or other area.Proportional or relative value; the proportion of which quantity or value is adjusted, Black's Law Dictionary, 7th Edn., p. 1268.The term 'rate' is also used to mean a charge by a water, gas, railway, or other public undertaking for services rendered e.g., (English) Railways Act, 1921, s. 20; Metropolitan Water Board Charges Act, 1921 (11 & 12 Geo. 5, c. xciv.).The poor rate was levied under the (English) Poor Relief Act, 1601 (43 Eliz. s. 2), on the occupiers in each parish of 'lands, houses, tithes, coal mines, or saleable underwoods,' and the (English) Rating Act, 1874, extended the liability to rates to: (1) land used for a plantation or a wood, or for the growth of saleable underwood, and not subject to any right of common; (2) rights of fowling, shooting, taking, or killing game, or ra...
prime contractor
prime contractor : general contractor ...
Agricultural rates
Agricultural rates, The (English) Agricultural Rates Act, 1896, as amended by the (English) Agricultural Rates Act, 1923, provides that the occupier (including the owner if rated in place of the occupier) of agricultural land shall be liable to one quarter only of the rate in the pound payable in respect of buildings and other hereditaments. These exemptions were preserved by the (English) Rating and Valuation Act, 1925, s. 22, but agricultural land and buildings are now entirely derated, see the (English) Rating and Valuation (Apportionment) Act, 1928, and the Local Government Act, 1929, s. 67....
adjustable-rate mortgage (arm)
adjustable-rate mortgage (arm) a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs). Source: U.S. Department of Housing and Urban Development ...
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