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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.


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


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.


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 ?
Now Primary Colour is a well-established social enterprise supplying books, teachers' packs and classroom drama sessions for primary schools.The material focuses on cultural diversity, but contributes to other areas of the curriculum, including geography, IT and literacy.
INSPIRATION: Covers of books on which the Primary Colours Black History Month shows are based (s)
RESEARCHERS: Second-year Huddersfield University marketing students Katie Stephens, Adam Wain, Kalkidan Bezabih and Callum Matheson with Marcia Hutchinson, the managing director of the Primary Colours publishing company (S)
The programme also explores why Marcia set up Primary Colours and her mission to embed cultural diversity within the curriculum.
BUSY: Marcia Hutchinson, the founder of the Primary Colours company, is to appear in a television documentary on Thursday next week
Marcia Hutchinson, director of educational publishing company Primary Colours said: "Subjects like slavery are sometimes avoided by teachers to steer away from controversy in the classroom.
Marcia Hutchinson, founder of Primary Colours, said: "The company has three main objectives - to publish children's books, to work interactively in schools around the region, and to provide training for teachers on how to promote cultural diversity."
Using Osram's new coloured fluorescent light tubes fitted into the ceiling and reflectors, Struyken has designed an electronic system whereby the primary colours of light -- red, green and blue -- can be mixed in a deliberately random way.
left: Author Marcia Hutchinson and the Primary Colours reading project, linking the alphabet to different Caribbean foods
The Huddersfield-based publisher, Primary Colours, has received pounds 37,500.
Primary Colours, of Fartown, has been awarded a pounds 69,339 grant by the Arts Council to extend the work it began in schools in Kirklees.
The pack features Caribbean fruit and vegetables and was produced by Fartown publishing and educational company Primary Colours.