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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 ?
Large prime numbers p and q respectively are minus 1 and then participate in the multiplication to obtain the Euler function value [phi](n).
There is no known simple polynomial function p: N [right arrow] R where p(n) = the nth prime number.
We know that every odd number >1 has a smallest prime factor except for 1 surely, yet the smallest prime factor of any odd prime number is exactly it itself.
It's a Mersenne prime, in which the exponent of 2 (57,885,161 in this case) is also a prime number.
This latest giant prime number was found as part of the Great Internet Mersenne Prime Search (GIMPS), a network that harnesses the spare power of 360,000 computers around the world to look for and calculate prime numbers.
This qualitative feature differs fundamentally from the prime number theorem for ordinary prime numbers where all roots contribute to the remainder term.
To design a fast primality test for finding a prime number is necessary and very important.
Children must learn, for example, that a prime number has exactly two factors.
More than a gloss of wit, however, animated Prime Numbers, premiered in New Delhi on January l0 to help celebrate India's fiftieth anniversary of independence.
Never-ending squares Square numbers (the products of numbers multiplied by themselves) and prime numbers are important and your internet security only works because the prime numbers never run out.
For a given prime number p, consider the proper subset S = {0,1, 2, 3,.
The proof that all numbers less than a prime number are relatively prime to that prime number is obvious, hence, the maximum value for 'r' is [2.