Logourl black

Prime-Plus Formula

Definition

In bankruptcy law, a method for determining the appropriate interest rate for claims, which sets the rate at the national prime interest rate plus an additional risk-based adjustment.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.