Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
To us, Daniel Craig. That was one prime 007.
Oh... you mean financial stuff. Right.
A prime bond is a bond that trades for a higher price than its par value. It can happen if the bond had a higher coupon or interest rate when compared with other bonds being sold. Investors are willing to pay more because the bond can make them more.