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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.


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 the following example, the sequence has the next prime number added to its list of distinct prime factors at each step: {2, 6, 30, 210, 2310, 30 030, 510 510 .
We will prove together that there are infinitely many sets of n-odd prime numbers and pairs of consecutive odd prime numbers by the mathematical induction with aid of such equivalent line segments and odd points thereof, in this article.
The search for ever longer prime numbers will continue, in Missouri and elsewhere.
The previous record was held by a prime number that is a mere 12,978,189 digits long.
1970, "The Lambda Method in Prime Number Theory," J.
This theorem assures us that if n is a prime number then [b.
Prime Number Concepts (standard deviations in parentheses) Variable Chartworld (n = 80) Control (n = 107) Pretest Structured Interview 1.
For example, Thymaridas, a Greek mathematician, used the term rectilinear for prime numbers because primes can be represented only one-dimensionally.
After most workshops, 90 percent of kids who participate come away knowing every prime number under 100, Hardy says.
Participants either allow their idle computers to be used to supplement the power of the researchers' units or actually help to perform time-consuming tasks such as calculating the longest prime number.
Groff's Hypatia speaks at the end of the play about a very special prime number, one that is a palindrome, a prime number that reads the same backwards and forwards: "But 191 is prime, not because we think it so, nor observe it--it is an eternal breath afar from empiricism--but it is so.
This question will be further discussed in relation to the prime number calculator presented here.