2414 Prime Rate

Example Definitions of "2414 Prime Rate"
2414 Prime Rate. Means the rate of interest published in the Wall Street Journal as the "prime rate" or, if the Wall Street Journal ceases to publish a rate so designated, any similar successor rate designated by CPC. Any change in an interest rate resulting from a change in the Prime Rate shall become effective on the date of such change. Prime Rate is not necessarily the lowest rate charged by CPC and CPC may charge rates at, below or above the Prime Rate.
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