Where does “prime-korko” come from?
prime-korko (Finnish) comes from English prime rate — The interest rate that large commercial banks charge on loans to customers with a high credit rating, i.e. those seen as at low risk of default.
prime-korko (Finnish): prime rate
Definitions
- prime rate
Ancestry of “prime-korko”, step by step
| Step | Language | Word | Meaning |
|---|---|---|---|
| 1 | English | prime rate | The interest rate that large commercial banks charge on loans to customers with a high credit rating, i.e. those seen as at low risk of default |