A/R Finance & Factoring Terms GLossary
What isPrime Rate
The Prime Rate is the interest rate that commercial banks charge their most credit-worthy customers, which are typically corporations. On December 21,2015 it was 3.5% in the US.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "P"
- Paid in Capital
- Past Due Invoice
- Pay when Paid Clause
- Peer Lending
- Perishable Agricultural Commodities Act (PACA)
- Personal Guarantee
- Pre-Billing
- Principal and Interest (P&I)
- Process of Factoring
- Production Finance
- Proof of Delivery (POD)
- Property, Plant, and Equipment (PP&E)
- Purchase Order
- Purchase Order Funding or PO Financing
