prime

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PRIME

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

Prime

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).

prime

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

prime

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 ?
Numerous Primera LX900 high gloss paper labels are available including:
When the fight ended, Mr Cunningham was picked up by the Primera , but it is alleged the car was pursued by Broughton''s Skoda.
Like all Nissans the Primera is very well put together and are now great value for money.
It looks likely to be a big seller in the Primera range as few rivals boast a petrol engine car of this capacity in this class, most others prefer to have their petrol units in 1.
The Primera looks set to retain its strong position in the Irish market.
Headquartered in Plymouth, Minnesota, Primera Technology, Inc.
The development of Mexican Baptist work in Texas began to grow with churches bearing the name Primera Iglesia Bautista Mexicana (First Mexican Baptist Church) established in San Antonio (1888), El Paso (1892), Beeville (1900), Corpus Christi (1911), and Dallas (1918).
The Japanese firm have promised pounds 250 of fuel vouchers to Primera owners who successfully flog the car to friends, who also receive vouchers.
The innovative styling actually evolved from the Primera Concept Car unveiled at the 2000 Paris Show, a creation that its maker said represented a radical move away from three-box styling.
The innovative styling actually evolved from the Primera Concept Car unveiled at the 2000 Paris Show, a creation which its maker said represented a radical move away from the three-box styling of the traditional D-segment car.
Already kitted out like the proverbial Christmas tree, the latest 2005 versions of the Primera will have even more high tech features including a traffic avoidance feature for its DVD satellite navigation system, while under the skin the car has been fine tuned for improved ride and handling.