prime

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

prime

1. Of or relating to a debt security rated AAA or Aaa.
2. See prime rate.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Tan Beng Chuan, Group General Manager, Prima Group said: 'We have strived at all times to serve Sri Lanka as beyond a flour producer.
(City Lights Records, Box 8, Folder 20) Di Prima wanted Marlowe to be an active participant in her world and also encouraged him to write and edit.
Chamber chief executive James Ramsbotham said: "Prima - a Chamber member, I am pleased to say - is a success story par excellence.
In addition to the main event, the budding 'chefs' from ages 9 - 14, prepared some simple recipes under the guidance of Prima chefs and trainers.
R T Wasan, Head, International Business - Commercial Vehicles Business Unit, Tata Motors, said "The launch in Oman of theTata PRIMA, the next-generation commercial vehicles from the Tata Motors' stable is an important milestone in Tata Motors' continued expansion in the GCC region.
Tata Motors executive director, Commercial Vehicles Business Unit, Ravi Pisharody, said, 'The launch of the PRIMA range in Bangladesh is an important milestone in Tata Motors' continued expansion in the Bangladesh market and the SAARC region.'
"The launch of the Tata Prima brand in the UAE is an important milestone in Tata Motors' continued expansion in this market and the GCC region," commented Ravindra Pisharody, executive director of Tata's Commercial Vehicles Business Unit.
In "Some Words about the Poem," di Prima writes, "Poetry holds paradox without striving to solve anything." This collection, which contains both previously published and new poems, illustrates that paradox: our deepest desires for social justice appear on the page alongside our individual and collective failures with few easy, practical solutions.
He explained that "we can see that the area surrounding some of our property is of the higher segment, that's why we developed Starmall Prima." Villar noted that competition in this segment is tougher.
Prima Cheese, based in Seaham, County Durham, is installing a third Ishida multihead weigher to handle its range of cheese products supplied to wholesale food and catering businesses worldwide.
New Delhi, March 25 -- The first of its kind event in India, Tata's truck racing championship held on March 23 ended with Stuart Oliver emerging as the victor in the debut season of the T1 Prima Truck Racing Championship.
The Arts of the Prima Donna in the Long Nineteenth Century.