what is the meaning of "PLR" in banking?

this is related with finance

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  • Sandy
    Lv 7
    1 decade ago
    Favorite Answer

    Prime Lending Rate - The lowest rate of interest that a financial institution, such as a bank, charges its best customers, usually large corporations, for short-term unsecured loans.

    The prime lending rate is an economic indicator and is often used as a measuring point for adjusting interest rates on other types of loans. The rate varies according to economic factors.

  • 4 years ago

    Plr Definition

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