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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 ?
He is someone Irish is a audiences trust and respect and his move to Prime Time is a very positive development for the programme.
Although all three major networks have lost viewers, NBC's prime time ratings have declined the most since 1990.
Since publication of the BAI report, current affairs investigations on television have been reported by Prime Time, but not as Prime Time Investigates.
Prime Time are shirt sponsors for Huddersfield Town football club - with its local branch actually at the Galpharm Stadium.
Prime Time Shuttle's appeal is its full range of options, to satisfy passengers from the tech savvy college student to the traveling business professional who wants to stay on top of their travel plans while they are on the go," said John Kindt, General Manager of Prime Time Shuttle
PRIME TIME SHUTTLE is a founding member of the Go Airport Shuttle Group.
The new program, which launches in July and runs through August 31st, is set to offer services through Prime Time Shuttle's website at http://www.
Through our acquisition of Mstar, we are excited to bring an expanded set of voice, data and video services to residents in the Utah and Salt Lake County markets," said Prime Time CEO Mark Wentzlaff.
Prime Time Communications is an Englewood, Colorado-based, fiber-to-the-home internet, video, and phone provider.
WEST VALLEY CITY, Utah -- The Utah Telecommunication Open Infrastructure Agency ("UTOPIA") announced that Prime Time Communications, L.
LOS ANGELES -- Rattan Joea, CEO of Prime Time Shuttle, announced a new partnership program with members of the "GO Airport Shuttle Group" that would extend Prime Time Shuttle's branded services into several new major markets from the Pacific to the mid-west.
LOS ANGELES -- Rattan Joea, CEO of Prime Time Shuttle, announced a new pilot program offering the travel industry's first family rate for door-to-door airport shuttle transportation.