“Prime rate” means the rate reported in the Wall Street Journal on the first business day of the month preceding the beginning of each calendar quarter, or the average of the rates so reported on that day.

Source. #9614, eff 12-12-09; ss by #12574, eff 9-1-18; ss by #13498, eff 12-2-22 (formerly Puc 1302.11) (see Revision Note at chapter heading for Puc 1300)