FindLaw Legal Dictionary
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term:
Prime
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prime n
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1 : prime rate
2 : general contractor
vt primed
prim·ing
: to have priority over [a perfected security interest s an unperfected one]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.