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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


1. Of or relating to a debt security rated AAA or Aaa.
2. See prime rate.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The rational functions GA([lambda], p) for four different prime numbers (p = 3, 5, 7,11) are represented by red lines in Figure 5.3.
In the following example, the sequence has the next prime number added to its list of distinct prime factors at each step: {2, 6, 30, 210, 2310, 30 030, 510 510 ...}.
If [J.sub.[phi]] or [J.sub.[kappa]] < [[mu].sub.p] + [b.sub.q] +2, then suppose that [J.sub.v] is the smallest odd prime number which is not smaller than [[mu].sub.p] + [b.sub.q] +2.
The search for ever longer prime numbers will continue, in Missouri and elsewhere.
Although there are an infinite amount of prime numbers, the hunt for the largest has in recent years centred on rare Mersenne primes, named after Marin Mersenne, a 17th-century French monk and mathematician.
for the generalized twin prime numbers p = 2a - D, p' = 2a + D.
This theorem assures us that if n is a prime number then [b.sup.n-1] [equivalent to ] 1 mod n for every integer b co-prime to n.
"One important discovery that children can make with Chartworld is the difference between a prime number and a composite number.
Joe Fanning, who rode Prime Number, completed a double on Trimaran in the following maiden.
That's a prime number!) who falls for a younger man David (Bryan Greenberg, who's only 23 - woo!
PRIME NUMBER (4.10), who bounced back to winning form at Windsor on Monday, can make a quick follow-up at Pontefract this afternoon.