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| Prime coat or primer
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The first coat or undercoat that helps bind the top coat to the substrate. |
| Prime contractor
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Contractor who assumes responsibility for completing a construction project, under contract to the owner, and hires, supervises and pays all subcontractors. |
| Prime lending rate
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Minimum short-term interest rate charged by commercial banks to their most creditworthy clients. Prime is used as the basis for mortgages, business and personal loans, etc. Mortgages are usually several points above the prime rate. |
| Prime mover
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Any machine capable of producing power to do work. |
| Prime rate
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The interest rate which a financial institution charges its largest and best corporate customers, often used as a basis to price other loans. |
| Prime tenant
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Major tenant in an office building or shopping center. The prime tenant occupies more space than the others and will attract customers to the site. They are normally more credit worthy. |
| Primer
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Initial coat of paint or sealant applied to a surface in preparation for painting. The primer seals the surface and provides a good base for additional coats of paint or other material. |
| Priming jet
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Opening in bowl through which tank-supplied water flows, designed to propel waste up into the trapway. |
| Principal
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(1) Amount of money originally borrowed, minus any payments subsequently made. (2) First in importance; a primary person; a head or chief of something. |
| Principal balance
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How much the borrower has left to pay on the loan principal. |
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