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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 ?
Prime Time Roofing, LLC offers a plethora of roofing services with the use of the latest technology by skilled and experienced roofing experts.
HOW BENEFITS SUPPLEMENT LOW WAGES THE panel heard that agency staff working for Prime Time would be expected to be available for work within a 25-mile radius and make up to a three-hour round trip to the job at their own expense.
TV3 insiders told the Irish Sunday Mirror that the amount spent on Prime Time would be "significantly more" than the independent broadcaster's entire news budget.
The team identified elective cases that were performed beyond designated prime time hours on certain days of the week.
Prime Time episodes one and two will cover the local selections taking place in eight Arab countries(Egypt, KSA, Jordan, Lebanon, Morocco, Qatar, Tunisia and UAE), upon an international recruitment campaign that attracted more than 7000 applications.
MLB on FOX has never scheduled two prime time regular season games in the same season, and these are the first on national broadcast television since April 2004.
Natasha Douglas, from Prime Time Recruitment, said: "Macmillan did so much for Paul when he was alive.
Normally the first race on each day of the five-day meeting would be at 2.45pm, but this will now be an hour later at 3.45pm for the first four days, meaning that the Grade 1 races will be after 6pm and on RTE at prime time.
The winners, who each get pounds 2,000 and feature in a prime time BBC Lottery awards show, are being decided by a public phone vote and the lines close next Friday.
The presidential candidates forum at this summer's Unity '08 of the four major minority journalists associations will be broadcast live in prime time by CNN, it was announced Wednesday.
CBS, which still leads in several key demos in prime time, was about tied with ABC with an 11 rating and 19 share.
Armstrong/Jackson Partners LLC, Cypress Hill Local Devlopment Corporation ,Horsford & Poteat Realty,MJF Development Group, Neighborhood Housing Services of NYC, Prime Time Building Corporation and Sun Rock LLC.