Term of the Day

criterion

standard by which something can be judged or decided. In a typicalcontext, there is more than one criterion under consideration and thus the plural 'critieria' is more commonly encountered.
Learn more about this term
Usage Example
When making a decision typically more than one criterion is taken into account before coming up with a solution.
Term of the Day

prime rate

The interest rate that commercial banks charge their most creditworthy borrowers, such as large corporations. The prime rate is a lagging indicator.also called prime.
Learn more about this term
Usage Example
In the past banks used to give the prime rate to their most loyal and favorite customers, but that is not always the case now.