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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 periodicals archive ?
Prime Minister Shahid Khaqan Abbasi is the first world leader who has been accorded guard of honour at Nepal's Army Pavilion.
Prime Minister Modi on Thursday congratulated Oli on being sworn-in as Nepal's Prime Minister for the second time.
The Prime Minister directed the government of Balochistan to provide comprehensive security cover to the polio teams.
Dmitry Rogozin conveyed the greetings of President Putin to Prime Minister, which the Prime Minister heartily reciprocated.
The Finance Secretary Shahid Mahmood, who is already in grade 22 and going to retire in first week of next month is under pressure from Fawad Hassan Fawad, Principal Secretary to Prime Minister, who had got grade 22 just few days ago.
Later, the prime minister had met presidents ofGuinea and Nigeria and had discussed ways and means to further strengthen their bilateral relations.
We have always received the support of the Prime Minister and we are hopeful to be receiving the continued support of the Prime Minister and Federal Government in future, as well, said the Chief Minister.
Two children clad in traditional dresses presented bouquets to Prime Minister Sharif and Begum Kalsoom Nawaz.
Arrival of Pedro Passos Coelho, Portuguese Prime Minister
The Korean prime minister is accompanied by an official delegation comprising Park Suk-hwan, first vice-minister of foreign affairs and trade; Kim Seok-Min, deputy minister at the Prime Minister's Office; Jonghyun Choe, Korean ambassador to the Sultanate; second deputy minister for administrative affairs at the Prime Minister's Office; adviser for foreign affairs at the Prime Minister's Office and several Korean officials.
Prime Minister Nikola Gruevski addressed a business forum Tuesday afternoon where he presented Macedonia's investment opportunities.

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