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.

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 ?
Colson, former director of missions for the Corpus Christi Baptist Association, credited Gonzalez, then pastor of Primera Iglesia Bautista of Corpus Christi, as the Baptist leader who led the way for these two Baptist bodies to come together.
VAUXHALL OF FAME: The new Vectra makes its debut at the Geneva Motor Show next week, while the new Nissan Primera (inset) is available in showrooms now
Mobile phone integration - every Primera SE and SVE will come with standard integration for the driver's mobile phone.
Personalmente, lei a los quince anos la primera frase de La metamorfosis de Franz Kafka, y el impacto en mi alma de lector fue memorable.
In North America, Nissan will continue to sell the old Primera, or G20, and will watch market conditions to decide whether to launch the remodeled Primera there as well, he said.
More information about Primera and its products is available on the Internet at www.
Ingolfsson, Primera Air president and chairman, said: 'Yet again, we are very proud to announce our new direct routes from our European bases to Canada.
Primera Air will offer daily flights to NewYork and give passengers the chance to visit Massachusetts' capital and largest city.
Birmingham so we are delighted that Primera Air will give people from the region the opportunity to visit this city direct from their local airport.
M2 EQUITYBITES-June 27, 2017-AerCap, Primera Air ink agreement for 2 Airbus A321LR aircraft