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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 ?
Primo Italian Restaurant, under the arches in Viaduct Street, and a delicious plate of food to tempt you
The Racing Post Yearling Bonus cheque is presented at Lingfield yesterday by scheme trustees John Warren (left) and Philip Freedman (right) to Kevin Jarvis, Gary Hodson and Peter Moule, owners of winner Primo Lady.
The collaboration between ProQuest and Ex Libris began earlier in 2014 with an agreement to index ProQuest full-text and A&I databases in Primo Central.
The Primo Classico event has always inspired the city of Chicago to appreciate the art of travel," said Qatar Airways Vice President of the Americas, Gunter Saurwein.
Primo is set to be busy across the festive period, with Christmas day already fully booked and demand already spiking for the surrounding weeks.
Primo, who is perhaps the first African American to join the board of a publicly listed company in India, says the move is an indication that his firm is contemplating future investment there.
Primo Lights offers a selection of Christmas tree and holidays lights in a variety of colors and bulb types.
Now in its 28th year of operation, The Primo Center combats homelessness in the greater Chicago area by empowering women and children to become productive, responsible and independent members of their communities.
So when conflict broke out in Cairo last August and curfew was imposed on the country, we took a step back to think about opportunities for positive social action," said Valentina Primo, communications and social media manager at BridgEgypt.
Debuting last month, the line is powered by Primo Water carbon dioxide cylinders, part of an agreement between Cuisinart and Primo Water Corp.
Primo Impact (4-1) netted a valuable ten points in the Sprint when clocking 15.