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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 ?
* Asset Servicing--The year-over-year increase primarily reflects higher net interest revenue, foreign exchange and securities lending volumes, equity market values and the favorable impact of a weaker U.S.
* Enbrel[R] (etanercept) sales increased 4 percent driven primarily by favorable impacts from changes in accounting estimates of sales deductions and product returns and a slight increase in net selling price, offset partially by unfavorable changes in inventory.
dollars increased 3.3 percent to $498.7 million in the quarter and increased 6.9 percent to $981.8 million in six months due primarily to selling price increases, acquisitions and higher paint sales volume.
The increase in general and administrative expenses for the three months ended October 31, 2011 was driven primarily by an increase in legal fees, consulting costs and the severance accrual for a retired director; partially offset by a decrease in compensation expense, travel related expenses, and amortization of intangible assets.
Solicitation W9126GCTAO, covering work primarily for the Central Texas area office at Fort Hood, is set aside for service-disabled veteran-owned businesses.
The decrease in net income for the three months ended December 31, 2017 as compared to the same period of the prior year of USD 535,413 was primarily the result of the increases in income tax expense and noninterest expense as well as a slight decrease in noninterest income, offset in part by the increase in net interest income.
It will supply TPEs primarily to Japanese auto companies here when it starts up next July.
Federal income tax law treats debt and equity differently; primarily, interest payments on debt are deductible, while dividend payments are not.
Despite the existence of a plethora of empirical and anecdotal studies assessing attitudes towards persons with disabilities, the vast majority of these deal primarily with adult perceptions and societal views (Olkin, 1999; Smart, 2001; Yuker, 1988).
(New York, NY), a private, entrepreneurial real estate investment firm which focuses on purchasing primarily retail and office assets.
occurs primarily in the central United States, and A.II.