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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 ?
Built with a services-centric OS that decouples data services so they can be deployed, upgraded, or restarted independently, HPE Primera software can be upgraded by customers in 5 minutes without any disruption.
Like other no-frills airlines, Primera Air paired tantalizingly low base fares with high fees for options like selecting a seat in advance, checking a bag, or buying a meal on board.
"We would like to reassure passengers that the majority of routes served by Primera Air can be booked through alternative airlines from Birmingham Airport."
An announcement on its website said that as of yesterday, Airline Primera Air and IATA codes PF and 6F have been suspended.
The lack communication, advice or from Primera makes it so more Nikki "The lack of communication, advice or empathy from Primera Air makes it so much more stressful."
Primera Air and its codes for the world airline trade group, International Air Transport Association, were suspended from Oct.
London's Stansted Airport, which has been trying to promote transatlantic routes, urged Primera passengers not to travel to the airport.
This latest news follows the announcement in June that Primera Air was suspending services from Birmingham to Newark Airport near New York and Toronto.
The end of its short-haul flights in October will bring a complete end to Primera Air's brief relationship with the airport although long-haul services could return.
The airport said Primera Air planned to reinstate transatlantic services next year once the aircraft was available and this announcement did not affect its short haul services from Birmingham.
It said the announcement does not affect Primera Air's short haul services in operation from Birmingham.