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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 ?
Victoria Burnett from JLL, which is joint letting agenct with GBR Phoenix Beard, said: "The location is ideal and provides the presence Prime Time needs in the city.
Prime Time insures high performance speed and fishing boats in need of full coverage, including center consoles with triple or quad outboards and high performance boats with maximum speeds up to 138 MPH.
A source said: "There will be no honeymoon period for him on Prime Time, he will be expected to prove himself from the very beginning.
This transaction opens an exciting new chapter for Prime Time and our customers," stated Mr.
Prime Time Recruitment are one of the largest independent recruitment companies in the UK.
In a more persuasive moment, the Prime Time authors suggest that television, "the onetime servant of the status quo[ldots] now fosters populist suspicions of traditional mores and institutions.
Prime Time Investigates was axed earlier this year following a serious libel against Fr Kevin Reynolds in its Mission To Prey programme.
MundoFOX original programming will offer our audience in Boston, Philadelphia and Tampa with a new direction in Spanish-Language entertainment, all in high-definition, through our free over-the-air signal," said Jose Rodriguez, CEO & President of Prime Time Partners.
Prime Time also topped the e-commerce category at the same awards and was highly commended in training and development.
LOS ANGELES -- Rattan Joea, CEO of Prime Time Shuttle, today announced a new iPhone app.
com) announced today that Prime Time International (http://www.