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 ?
"However, with the Prima range, the manufacturer has striven to provide specifications equal to those offered by its European competitors.
Depending on the options selected by the customer, a Prima 4x2 tractor will cost approximately AED 220,000 (less than $60,000).
"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.
In January 2014, UAE-headquartered logistics firm Prime Link became the first outfit in the Middle East to start running a cohort of Prima 4x2 tractor heads.
However, the Prima truck has some pretty good technology.
"The Prima trucks are in line with what we were expecting," he said.
Fortunately for Tata, Prime Link's Prima 4x2 tractors have impressed.