An industry that makes provisions for secure employment, healthy work conditions and reasonable benefits.
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PRIMARY LIABILITY
An obligation or liability that stems from the primary responsibility of an individual .
PRIMARY MARKET
A marketplace where new issue securities can be traded. Once a security is underwritten it is off the market and ready for sale on the secondary market .
PRIMARY MORTGAGE MARKET
The mortgage market that is involved in the creation of loans. It consists of lenders that include all financial institutions and credit agencies.
PRIMARY NEEDS
Needs or requirements of an individual that are determined by factors that the individual is exposed to. Food, clothing and shelter are considered to be the primary needs of most […]
PRIMARY OBLIGATION
The essential obligation that stems from a pre-existing contract or purpose, which possibly gives rise to other secondary obligations.
PRIMARY OFFERING
The first sale of a security on the primary market . Sales made after this point are considered secondary offerings.
PRIMARY PACKAGING
The primary package that contains the consumable substance. After consumption , it is the last packaging that is thrown by the consumer.
PRIMARY RECORD
An original document that contains original signatures, seals,etc.
PRIMARY RESEARCH
The conduction of experiments, tests or investigations to acquire primary data , as opposed to collating information from published data.
PRIMARY RESERVES
The total amount required by a financial institution to support its activities. The primary reserves may not be invested or loaned by the institution . However, in the case of […]
PRIMARY RESIDENCE
The place which is considered to be the main living location. Majority of the time is spent by the individual at the primary residence .
PRIMARY SECTOR
Industries that are involved in producing and extracting natural resources .
Primary Use
How a vehicle is primarily used, such as for work, pleasure, etc.
PRIMARY WASTEWATER TREATMENT
The first stage that removes floating materials, pathogens that deprive the water of oxygen. It involves screening, sedimentating the tanks and filtering it of all the waste material.
PRIMATE
A chief ecclesiastic ; part of the style and title of an archbishop. Thus, the archbishop of Canterbury is styled “Primate of all England ;” the archbishop of York is […]
PRIME
Fr. In French law . The price of the risk assumed by an insurer; premium of insurance. Emerig. Traite des Assur. c. 3, | 1, nn. 1, 2.
PRIME BROKER
A special type of broker who works with large institutional client and is involved in raising capital, in addition he also helps in the completion of specific company needs.
PRIME BROKERS
Brokers who provide a specific service for hedge funds and large institutions
PRIME CONTRACT
A contract that is in the possession of the contracee or the primary contractor and the owner of the contract is assumed to have full responsibility for the job.
PRIME CONTRACTOR
The contractor who is responsible for the completion of a project, under contract with the owner of the job. The obligation of the prime contractor is to complete a project […]
PRIME COST
The aggregate of labor, material and other related costs.
PRIME COST METHOD
The calculation of depreciation on fixed assets is represented by this method.
PRIME LENDING RATE
The interest rate that a bank’s top customers are charged. This rate is a standard that is used to compute the interest rate for the financial institution ‘s other borrowers.
PRIME LETTER OF CREDIT (L/C)
The original Letter of credit that is exchanged as a security for another letter of credit. This usually takes place in consecutive transactions.