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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 ?
For the Prima range, the company has sourced the best components from across the globe.
The Prima, according to Singh and Kadam, is a global truck put together with Indian knowhow.
The efficiency and longevity achieved by Prima trucks are far better than those of their predecessors," said Kadam.
Prima trucks offer value for money across multiple areas.
Before introducing the first Prima 4x2 tractor heads to the UAE market, Tata conducted over 200,000km of tests in Qatar to ensure that the truck was capable of coping with the Middle East's challenging operating conditions.
Although I cannot whole-heartedly say that the quality of finish is exactly comparable to that offered by the major European manufacturers, I was genuinely - and pleasantly - surprised by the standard to which the Prima 4x2 has been built.
Certainly money isn't the issue," said Primas of the schools.
Despite the challenges you see," Primas told us, using challenge as a euphemism for abandoned houses and litter-strewn lots, "the section looks 50 times better.
Going forward, Prima Solutions will work closely with ACORD and its various committees to integrate the reference model content into the existing ACORD standards.
Prima Solutions provides a standards-based software foundation to support incremental transformation of existing Insurance IT systems into Service Oriented Applications.
Founded in 2000 Prima Solutions operates globally from offices in Paris and Chicago.