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The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).
The origin of the phrase is from a 1902 song "The Woodchuck Song", written by Robert Hobart Davis for Fay Templeton in the musical The Runaways. [13] [14] The lyrics became better known in a 1904 version of the song written by Theodore Morse, with a chorus of "How much wood would a woodchuck chuck if a woodchuck could chuck wood?", [15] which was recorded by Ragtime Roberts, in 1904.
Editor's note: Rates shown are as of Thursday, September 19, 2024, at 6:30 a.m. ET. APYs and promotional rates for some products can vary by region and are subject to change.
One refund per customer. For AOL Mail Plus purchased via App Store or Google Play, their respective refund policies apply to your purchase. Cancel from the AOL app. 1. Tap the Profile icon. 2. Tap AOL Mail Plus. 3. Tap Manage subscription. 4a. For IOS, Tap Manage subscription on Appstore. 4b. For Android, Tap Manage subscription on Google Play. 5.
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Initial United States postage rates were set by Congress as part of the Postal Service Act signed into law by President George Washington on February 20, 1792. The postal rate varied according to "distance zone", the distance a letter was to be carried from the post office where it entered the mail to its final destination.
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