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 ?
Evidence from other countries shows that with training and suppor t primar y care workers can recognize a range of mental disorders and treat common problems such as anxiety and depression13.
Since Pakistan has limited resources and other health issues compete strongly with mental health initiatives the most feasible strategy will be the horizontal integration with existing primar y health care system thereby strengthening the system rather than creating a parallel mental health care system.
Therefore the role of the primar y health worker is central to this strategy and specialists must play a larger public health role to make the aspiration of mental health for all a reality.
Structured supervised and regular training for the primar y care workers.
Benefits for the workers include a reduction in the working week from 42.25 to 37 hours, a rise of 10 per cent in the hourly rate of pay and, in the primar sector, opportunities for shared overtime.