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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.


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).


1. Of or relating to a debt security rated AAA or Aaa.
2. See prime rate.


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 classic literature ?
His practical experience helps to explain as well why, unlike most great poets, he does not belong primarily with the idealists.
By a deeper apprehension, and not primarily by a painful acquisition of many manual skills, the artist attains the power of awakening other souls to a given activity.
I lowered the gun and stepped to the corner of the cabin, primarily to relieve the tension on my nerves and to make a new start, and incidentally to be closer.
Psycho-analysis, as every one knows, is primarily a method of understanding hysteria and certain forms of insanity*; but it has been found that there is much in the lives of ordinary men and women which bears a humiliating resemblance to the delusions of the insane.
And the celebrated doctor expounded his plan of treatment with Soden waters, a remedy obviously prescribed primarily on the ground that they could do no harm.
Separate contracts will be awarded for work in Iowa, primarily Des Moines; Iowa primarily east of Des Moines; Kansas, primarily Topeka; Kansas, primarily Wichita; Missouri, primarily St.
In the case of systemic gentamicin, ototoxicity appears to be primarily related to the duration of treatment, especially when the treatment course exceeds 10 to 14 days.
The home can be primarily a personal-use residence, primarily a rental or a combination of both.
213-1(e)(1)(ii), the deduction is confined strictly to expenses incurred primarily for the prevention or allevation of a physical or mental defect or illness.
Data sheets are included on various Hartex products, including Hartex 101 low ammonia natural latex, a high quality centrifuged latex designed primarily for processes where low ammonia is preferred; Hartex 103 low ammonia natural latex, primarily used for adhesives and coatings; Hartex 104 ammoniated natural latex, a high-quality, high performance centrifuged latex primarily used in dipped goods, carpet backing and extruded rubber thread; and Hartex 205 high solids natural latex, designed for use in the manufacture of extruded thread, dipped items, adhesives and other applications where purity, color, excellent chemical and me chanical stability, and high solids content are desirable.
Anne's five years ago, she used her 15 hours per week to develop and implement music therapy programming primarily for residents with dementia.