1 The NEC National Electrical Code does not specify a minimum height for a service meter, however the typical minimum height for mounting a service meter on side of a house is 5 to 6 feet above the finished grade or level ground.
Historically, in North American banking, the prime rate was the actual interest rate, although this is no longer the case. The prime rate varies little among banks and adjustments are generally made by banks at the same time, although this does not happen frequently. The prime rate is currently 3.25% in the United States and 2.85% in Canada.
For example, a loanâs interest rate may be quoted at â157 basis points over 1-year Liborâ, which equates to 1.57 percent plus the current 1-year Libor rate. The 1-year U.S. dollar Libor rate is currently 0.535 percent, so the loan in this example would have an interest rate of 2.105 percent.