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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 ?
We at the University of Toronto became aware that topical gentamicin was primarily toxic to the vestibular portion of the inner ear in the late 1980s, when we began using it to treat patients who had incapacitating unilateral Meniere's disease.
Jones is optimistic about her reimbursement efforts, primarily because of the support she receives from the staff at St.
They also are the most reliable, since SCSI disks are primarily used for servers in mission-critical environments.
Commercial districts are dispersed and found primarily in: the Long Island Sound area of the Bronx; the Coney Island section of Brooklyn; the Downtown, United Nations, and Penn Yards areas of Manhattan; the south shore and Tottenville sections of Staten Island; and the Rockaway section of Queens.
The increase is primarily due to a $58,000 increase in service charges and an $88,000 increase in other income.
When transactions and their processing aren't complicated and substantive tests are economical, the auditor frequently plans a primarily substantive approach to reduce audit risk to an acceptable level.
The decrease in noninterest expense was primarily the result of a $1.
6 million in Bucks County to trim nearly 1,100 miles of aerial wire, benefiting customers primarily in Bensalem, Bristol, Doylestown, Lower Makefield, Middletown, Morrisville, Newtown, Northampton, Warminster, Warrington and Yardley.
DGL's ratings reflect the company's high leverage, limited liquidity, as well as the expectation of rapid deleveraging from strong EBITDA growth, primarily coming from new higher risk markets, mainly Haiti.
7 million due to higher outstanding long-term and short-term debt primarily as result of the acquisition of PNG.
The Fund seeks long-term capital appreciation primarily through investment in equity and equity-linked securities of issuers domiciled in Central Europe and Russia .