PRIME

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. Bloomberg Financial Dictionary

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▪ I. prime prime 1 [praɪm] adjective
1. of the best quality:

• acres of prime real estate right by an international airport

• prime cuts of beef

2. main or most important:

• The developer's prime objective is to build houses at maximum profit, with minimum care for the environment.

• their prime concern was for the safety of the international financial system.

• Martin Marietta Corp., the prime contractor in the rocket-engine development program

  [m0] ▪ II. prime prime 2 verb
prime the ( economic) pump JOURNALISM ECONOMICS to make the economy grow faster by increasing government spending, hoping that this will encourage business to invest more:

• Direct investments in job creation are essential to prime the pump and get the economy up and running again.

— see also pump-priming
  [m0] ▪ III. prime prime 3 noun
above prime FINANCE used to talk about how much higher an interest rate is than the prime rate (= the interest rate charged by banks to their best borrowers):

• The working-capital loan carried an interest rate of 3½ points above prime.

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Ⅰ.
prime UK US /praɪm/ adjective
► main or most important: »

This is a prime example of good salesmanship.

 »

Reckless lending was the prime cause of the crisis.

 »

With a market value now of only £2.1bn, it remains a prime takeover target.

► of the best quality: »

The hotel is in a prime location in the city centre.

 »

The land is considered prime real estate that could eventually be used for homes.

● Prime-1/Prime-2/Prime-3 — Cf. Prime-3
Ⅱ.
prime UK US /praɪm/ noun [S]
► the period in your life or your job when you are most active or successful: in his/her/their prime »

He retired while he was still in his prime.

 past my/your prime »

I plan to work way past my prime.

► US FINANCE, BANKING, ECONOMICS the lowest rate of interest that banks charge their best customers for loans over a short period and that is used for calculating the interest rates on other types of loan: above/below prime »

The loan was issued at a variable interest rate of 1.5% above prime.

→ See also BASE RATE(Cf. ↑base rate)
Ⅲ.
prime UK US /praɪm/ verb [T, usually passive]
► to prepare someone or something for a particular situation: »

I was well primed for the meeting and gave a very successful presentation.

 »

The company is primed to move ahead with its public offering.

● prime the pump — Cf. prime the pump

Financial and business terms. 2012.

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Synonyms:
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Look at other dictionaries:

  • prime — 1. (pri m ) adj.    Mot ancien qui signifiait premier, et qui n est plus usité seul ; on s en sert encore dans les locutions suivantes. 1°   De prime abord, en premier lieu. •   De prime abord sont par la bonne dame Expédiés tous les péchés menus …   Dictionnaire de la Langue Française d'Émile Littré

  • Prime — can refer to: * Prime number, an integer greater than 1 which is only divisible by 1 and itself * Prime (symbol), the ′ mark ** 3′ end and 5′ end ( three prime end , five prime end ) in biochemistry * Prime (liturgy), a liturgical office (service …   Wikipedia

  • Prime — Prime, a. [F., fr. L. primus first, a superl. corresponding to the compar. prior former. See {Prior}, a., {Foremost}, {Former}, and cf. {Prim}, a., {Primary}, {Prince}.] 1. First in order of time; original; primeval; primitive; primary. Prime… …   The Collaborative International Dictionary of English

  • Prime — • Article on the office of Prime, now suppressed Catholic Encyclopedia. Kevin Knight. 2006. Prime     Prime     † …   Catholic encyclopedia

  • Prime — Prime, n. 1. The first part; the earliest stage; the beginning or opening, as of the day, the year, etc.; hence, the dawn; the spring. Chaucer. [1913 Webster] In the very prime of the world. Hooker. [1913 Webster] Hope waits upon the flowery… …   The Collaborative International Dictionary of English

  • prime-1 — [ˌpraɪm ˈwʌn] noun [singular] FINANCE a rating given by some credit showing that the risk of non payment of a loan etc is very low. Prime 1 is the best rating, followed by prime 2 and prime 3: • Moody s assigned their top ratings prime 1 and A 1… …   Financial and business terms

  • prime — [prīm] adj. [ME < MFr < L primus, first < OL pri, before < IE base * per , beyond > FAR, FIRST] 1. first in time; original; primitive; primary 2. first in rank or authority; chief [the prime minister] 3. first in importance or… …   English World dictionary

  • PRIME — (Privacy and Identity Management for Europe / Datenschutz und Identitätsmanagement für Europa) ist der Name eines Projektes innerhalb des 6. EU Rahmenprogramms. Der Start des PRIME Projektes fand in Brunnen, Schweiz, vom 8. bis 12. März 2004… …   Deutsch Wikipedia

  • prime — PRIME. s. f. La premiere des heures Canoniales. Chanter Prime. assister à Prime. Il se dit aussi d une sorte de Jeu aux cartes. Il y a deux sortes de prime. la grand prime. la petite prime. cartes de prime. joüer à la prime. il a perdu son argent …   Dictionnaire de l'Académie française

  • prime — 1 n 1: prime rate 2: general contractor prime 2 vt primed, prim·ing: to have priority over a perfected security …   Law dictionary

  • Prime-2 — Prime 1/Prime 2/Prime 3 ► FINANCE a rating (= measurement of how good something is) given to a loan to show how much of a risk there is that the loan will not be paid back. A Prime 1 rating means that the risk is very low. A Prime 2 or Prime 3… …   Financial and business terms

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