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Stands for Prescribed Right to Income and Maximum Equity, a certificate that entitles the owner to the <>/income from an underlying security, but not to the capital appreciation of that security.


1. In commercial banking, the best available interest rate under most circumstances. Generally speaking, only the most creditworthy customers receive the prime, but this is not always true. In any case, a prime serves as a benchmark against which other interest rates are compared. In this sense, it is also called the prime rate.

2. Describing the highest possible credit rating on a bond, either Aaa (for Moody's) or AAA (for S&P and Fitch).


1. Of or relating to a debt security rated AAA or Aaa.
2. See prime rate.


To come before another creditor in terms of priority of payment should there be insufficient assets to pay all creditors.A first mortgage holder primes a second mortgage holder,who primes a later judgment creditor, who primes a general unsecured creditor. Filing for bankruptcy reshuffles the deck,as the bankruptcy trustee primes large categories of creditors.

References in periodicals archive ?
In 1979, Prima installed the first laser-cutting machine for processing large 3D pressed components, quickly becoming a market leader in this sector.
Apparently due to concerns that it would lose its customers, Prima Meat falsely reported to Aeon in July 2001 that the product did not contain egg white, despite the fact that it was informed by Katsumi Shokusan about the use of egg white, investigations showed.
Our PRIMA site has been live for three months," Herman continued.
A consummate entertainer, Prima remained a headliner well into the 1960s, eventually fronting a jazz-meets-rock 'n' roll cabaret act popular in Las Vegas.
Like all Johnsonite rubber flooring, Prima Olio is slip-resistant, meets all ADA requirements for flat surfaces and ramps, and reduces the incidence of slip-fall accidents.
Laserdyne Prima will centralize sales and service in its Maple Grove, MN, manufacturing facility, and continue to provide sales and service support of Prima products across North America.
To overcome the inference of discrimination created by the establishment of a plaintiff's prima facie case, general and unsubstantiated or largely undocumented testimony is ineffective.
In addition to the plantings in Slovakia, 1993 PRIMA KLIMA projects include:
Working in close concert with our testers, designers and artists, Prima has proven it has that understanding, and a depth of vision and attention to detail that make this strategy guide an essential accompaniment to the game itself and a beautiful book in its own right.
The company markets and sells the PRIMA Cinema movie player technology to clients in major metro markets across the United States, and its clients include Hollywood celebrities, directors and producers, sports franchise owners and pro-athletes, high-net worth entrepreneurs and Wall Street titans, senior Washington D.
Setting new benchmarks in styling and features, the next-generation Tata PRIMA is a combination of power, world-class performance, fuel efficiency, superior technology and safety.
Auto Business News-June 24, 2014--Tata India launches seven new heavy commercial vehicles from Prima Lx Range