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Related to prime: prime time, Prime bank, Prime Suspect, Amazon Prime


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 classic literature ?
The coming of her sister's family was so very near at hand, that first in anticipation, and then in reality, it became henceforth her prime object of interest; and during the ten days of their stay at Hartfield it was not to be expectedshe did not herself expect that any thing beyond occasional, fortuitous assistance could be afforded by her to the lovers.
Earnshaw did not understand jokes from his children: he had always been strict and grave with them; and Catherine, on her part, had no idea why her father should be crosser and less patient in his ailing condition than he was in his prime.
Noel Vanstone, in the most alarming language, that he is destined to become the victim of a conspiracy; and that the prime mover of it is a young lady who has already held written communication with his father and himself.
When this expression was upon him, he looked as if he were old; but when it was stirred and broken up--as it was now, in a moment, on his speaking to his daughter--he became a handsome man, not past the prime of life.
Only be a loving child to me in my age, and bear with my whims and fancies; and you will do more for an old woman whose prime of life was not so happy or conciliating as it might have been, than ever that old woman did for you.
Awake My fairest, my espous'd, my latest found, Heav'ns last best gift, my ever new delight, Awake, the morning shines, and the fresh field Calls us, we lose the prime, to mark how spring Our tended Plants, how blows the Citron Grove, What drops the Myrrhe, & what the balmie Reed, How Nature paints her colours, how the Bee Sits on the Bloom extracting liquid sweet.
At last we entered the palace, and proceeded into the chamber of presence, where I saw the king seated on his throne, attended on each side by persons of prime quality.
In Poland they support the party that insists on an agrarian revolution as the prime condition for national emancipation, that party which fomented the insurrection of Cracow in 1846.
And having committed this prime error, he was obliged to follow it up, so much so that, to put an end to the ambition of Alexander, and to prevent his becoming the master of Tuscany, he was himself forced to come into Italy.
Far from wishing my lord to quit Paris, I hope he will stay there and continue to be prime minister, as he is a great statesman.
The prime bullies and braves among the free trappers had each his circle of novices, from among the captain's band; mere greenhorns, men unused to Indian life; mangeurs de lard, or pork-eaters; as such new-comers are superciliously called by the veterans of the wilderness.
Since you are a Frenchman, monsieur, you ought to know the position of a prime minister at the court of France.