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priority — Precedence, going before. A legal preference or precedence. The relative ranking of competing claims to the same property. When two persons have similar rights in respect of the same subject matter, but one is entitled to exercise his right to… … Black's law dictionary
priority — pri·or·i·ty 1 /prī ȯr ə tē/ n pl ties: precedence in exercise of rights in the same subject matter secured interests have priority over unsecured ones priority 2 adj 1: having precedence over another in the exercise of rights in the same subject … Law dictionary
priority — The Bankruptcy Code establishes the order in which claims are paid from the bankruptcy estate. All claims in a higher priority must be paid in full before claims with a lower priority receive anything. All claims with the same priority share pro… … Glossary of Bankruptcy
priority of mortgages — Where there are two or more mortgages secured on a property, the order in which the lenders are entitled to be repaid when the property has to be sold. The priority is a concern where there are insufficient funds to repay all of the lenders in… … Law dictionary
priority claims — administrative expenses and salaries, wages, employee benefits, customer deposits and taxes which occurred pre petition (Glossary of Common Bankruptcy Terms) Certain debts, such as unpaid wages, spousal or child support, and taxes are elevated in … Glossary of Bankruptcy
priority debt — A type of debt that is paid first if any creditors are paid in a Chapter 7 bankruptcy case, and must be paid in full in a Chapter 13 bankruptcy case. Priority debts include alimony and child support, wages owed to employees, and fees owed to the… … Law dictionary
Priority (fencing) — Priority ( right of way ) rules The fencer on the right is lunging in an attempt to deliver an attack to his opponent s flank. (Click on the image to see the full size version for greater clarity.)Foil and sabre are governed by right of way rules … Wikipedia
priority claims — USA Certain unsecured claims which are entitled to be paid in full before general unsecured claims are paid. These include administrative expenses and salaries, unpaid wages, employee benefits, consumer deposits and prepetition taxes. Practical… … Law dictionary
Priority Records — infobox record label name = Priority Records image bg = black parent = EMI founded = 1985 founder = Bryan Turner Mark Cerami Steve Drath distributor = Capitol Records (In the US) genre = Various country = US location = url =… … Wikipedia
Priority Review Voucher — The priority review voucher is a prize awarded to the developer of a treatment for Neglected Diseases. The prize was proposed by Duke University faculty Henry Grabowski, Jeffrey Moe, and David Ridley in their 2006 Health Affairs paper: Developing … Wikipedia
