PRIME

Definition:

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.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Float

Currency: Exchange rate policy that does not limit the range of the market rate. Equities: Number of shares of a corporation that are outstanding and available for trading by the public, excluding... Read More

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