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Finance Dictionary and Glossary of Investment Terms
PRIME
Definition 1.
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.
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Definition 2.
The interest rate that commercial banks charge their most creditworthy borrowers, such as large corporations. The rate is a lagging indicator. also called prime rate.
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