The term “prime” is used to describe the interest rate that banks offer to their most creditworthy customers. It represents the lowest rate at which banks provide loans to their customers. When someone mentions the “prime rate,” they are referring to this specific interest rate. Furthermore, “prime” can also be used as a verb to indicate that something takes priority over something else. For instance, if you have a preferred mortgage, it will take priority over any other liens or debts you may have.
Definition:
Prime (n.) – refers to the benchmark interest rate used by banks.
Prime (v.) – means to prioritize or emphasize the importance of something.
Example 1: The bank offered a loan with an interest rate of 2% above the prime rate.
Example 2: The CEO’s safety was given prime concern during the company’s restructuring.
Example 3: The athlete’s performance was exceptional, earning them a gold medal.
Example 4: The company’s new product launch was prepared to be a success with extensive marketing efforts.
These examples demonstrate the various uses of the term “prime.” In example 1, “prime” is used to refer to the benchmark interest rate. In example 2, “prime” is used to emphasize the importance of the CEO’s safety. In example 3, “prime” is used to describe the athlete’s exceptional performance. In example 4, “prime” is used to describe the company’s efforts to ensure the success of their new product launch.
No, it is illegal to use Prime or any other streaming platform to access copyrighted content without proper authorization or licensing.
Yes, Amazon allows you to share your Prime account with one other adult in your household, as long as you both have separate Amazon accounts.
Yes, Amazon offers a return policy for most products purchased through Prime. You can initiate a return within a specified time frame and receive a refund or replacement, depending on the circumstances.
Yes, you can cancel your Prime membership at any time. However, if you have already paid for a yearly subscription, you may not be eligible for a refund.
Yes, Prime offers international shipping options for eligible products. However, additional fees and restrictions may apply depending on the destination country.
Yes, Prime Video allows you to rent or purchase digital movies and TV shows. However, availability may vary depending on your location and licensing agreements.
Yes, Prime members have access to a selection of e-books and audiobooks through the Kindle Owners’ Lending Library and Audible Channels.
Yes, Amazon Pharmacy, a service available to Prime members, allows you to order prescription medications online. However, certain restrictions and regulations apply.
Yes, Prime members can use Amazon Fresh or Amazon Pantry to order groceries and household items for delivery. Availability may vary depending on your location.
Yes, Prime members can subscribe to Prime Video Channels, which offer access to various live TV channels. However, additional fees may apply for channel subscriptions.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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- Page URL:https://dlssolicitors.com/define/prime/
- Modern Language Association (MLA):Prime. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/prime/.
- Chicago Manual of Style (CMS):Prime. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/prime/ (accessed: May 09 2024).
- American Psychological Association (APA):Prime. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/prime/
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