Primed


Primed
The act of granting a new lender a higher claims priority over a current secured debt holder. A lender is considered primed when they are surpassed on the priority ladder for a borrower's assets.

A lender may agree to being primed if they feel the new loan can prevent bankruptcy in the company or help increase its financial stability. For example, a company files bankruptcy, but is operating as a debtor in possession. If the firm is offered DIP financing, where a new lender gives the ailing company additional funding, its current lenders would usually be primed to the new lender. The current debt holders might agree to being primed if they believe the new funds will allow the company to recover. In this case, the company would have a better chance at paying off all of its debts in the future.


Investment dictionary. . 2012.

Look at other dictionaries:

  • primed — index acquainted, fit, informed (having information), ready (prepared), ripe Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • primed — adj. 1) primed for (primed for the big game) 2) primed to + inf. (we are primed to begin) * * * primed to + inf. (we are primed to begin) primed for (primed for the big game) …   Combinatory dictionary

  • Primed — Prime Prime, v. t. [imp. & p. p. {Primed}; p. pr. & vb. n. {Priming}.] [From {Prime}, a.] 1. To apply priming to, as a musket or a cannon; to apply a primer to, as a metallic cartridge. [1913 Webster] 2. To lay the first color, coating, or… …   The Collaborative International Dictionary of English

  • primed — mod. alcohol or drug intoxicated. □ The entire fraternity got primed. □ The whole college was primed by midnight …   Dictionary of American slang and colloquial expressions

  • primed — adj Drunk, intoxicated. He was so primed we had to pull him to the car in my kid brother s wagon. 1920s …   Historical dictionary of American slang

  • primed —    obsolete Scottish/English    drunk    Like a pump and perhaps also alluding to an explosive charge:     When he was primed , was Nathan s wont to pass, No licensed house without another glass. (Doherty, 1884) …   How not to say what you mean: A dictionary of euphemisms

  • primed — un·primed; …   English syllables

  • primed — adjective (usually followed by to or for ) on the point of or strongly disposed (Freq. 2) in no fit state to continue fit to drop laughing fit to burst she was fit to scream primed for a fight we are set to go at any time …   Useful english dictionary

  • primed — adjective prepared for use or action …   Wiktionary

  • primed — (prīmd) immunologically activated by initial exposure to antigen; said of cells of the immune system …   Medical dictionary