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.

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 ?
However, with the Prima range, the manufacturer has striven to provide specifications equal to those offered by its European competitors.
Robert Jensen, the assistant head of the GSA, is upbeat about the disaster that is PRIMA.
If the taxpayer fully cooperates with reasonable requests for information from the IRS and establishes a prima facie case for treating the worker as an independent contractor, the burden of proof falls on the IRS to show such classification was unreasonable.
Based in Melbourne, Prima Biomed (ASX: PRR) is a biotechnology company with a focus in developing and commercializing technology arising from the field of immunology and cancer immunotherapy that shows potential for commercial returns within three to four years.
But PRIMA has been quickly overwhelmed by the the never-ending human errors of a public bureaucracy.
Prima eGuides help gamers get the most out of their gaming experience by giving them hints, tips and strategies from game industry professional," said Debra Kempker, president and publisher of Prima Games.
RT Wasan, Head - International Business, Commercial Vehicles Business Unit, Tata Motors said "The launch of the PRIMA range in Nepal, is an important milestone in Tata Motors' continued expansion in the Nepalese market and the SAARC region.
Prima Tech has customer relations and international distribution complementary to Neogen's Ideal Instruments product line and the combination of the product lines is expected to improve service to livestock producers.
Pasta Prima is a family owned company that hand crafts gourmet ravioli, tortellini, and sauces.
Tata Motors Limited (NYSE: TTM), an India-based automaker, has introduced a new range of high-end tippers under the brand name of Prima Construck.
Novation Prima is ideal for use in frozen foods and in applications where storage stability presents a particular challenge, such as fruit preparations.
Oncomab Ltd, a subsidiary of Prima BioMed Ltd (ASX: PRR), has signed an agreement with U.