priority


Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to priority: priority mail, Priority queue

priority

n. the right to be first or ahead of the rights or claims of others. In bankruptcy law, the right to collect before other creditors is given to taxing authorities, judgment holders, secured creditors, bankruptcy trustees and attorneys. The right also can apply to mortgages, deeds of trusts or liens given priority in the order they were recorded (in the "race to the courthouse").

priority

noun advantage, antecedence, commanddng position, essential status, exigency, first place, necessity, precedence, preeminence, preference, primacy, prior right, requisiteness, right-of-way, right to precedence, right to preference, seniority, supremacy, urgency, vitalness
Associated concepts: priority of claim, priority of lien, priorrty statute
Foreign phrases: Qui prior est tempore potior est jure.He who is first in time is first in right. P rior tempore potior jure. First in time, superior in right.
See also: consequence, importance, magnitude, materiality, precedence, preferential, prerogative, privilege, significance

PRIORITY. Going before; opposed to posteriority. (q.v.)
     2. He who has the precedency in time has the advantage in right, is the maxim of the law; not that time, considered barely in itself, can make any such difference, but because the whole power over a thing being secured to one person, this bars all others from obtaining a title to it afterwards. 1 Fonb. Eq. 320.
     3. In the payment of debts, the United States are entitled to priority when the debtor is insolvent, or dies and leaves an insolvent estate. The priority was declared to extend to cases in which the insolvent debtor had made a voluntary assignment of all his property, or in which his effects had been attached as an absconding or absent debtor, on which an act of legal bankruptcy had been committed. 1 Kent, Com. 243; 1 Law Intell. 219, 251; and the cases there cited.
     4. Among common creditors, he who has the oldest lien has the preference; it being a maxim both of law and equity, qui prior est tempore, potior est jure. 2 John. Ch. R. 608. Vide Insolvency; and Serg. Const. La*, Index, h.t.

References in periodicals archive ?
If you're using the Priority timetable, your postage meter should now print 'Priority' when metering letters at the Priority rate.
In addition to Priority Honda Chesapeake, Priority Automotive operates Honda dealerships in Richmond, VA and Charlotte, NC.
The president, with the cabinet's support, has committed to following the council recommendations and has been steadfast in maintaining that commitment, funding in priority order as many recommendations as available funds allow.
In this article, we present a series of methodologic approaches used to identify priority health conditions for environmental health tracking and develop the recommendations of the Pew Commission.
Each server is transmitting three data types, which are assigned a priority in terms of a Traffic Class (TC).
The timing of tax, the type of tax and whether a claim is a tax are factors in determining priority.
1 million veterans, or 30% of those enrolled in the VA health care system, are Priority Groups 7 and 8.
But if an owner decides to sell a building in order to see his return on investment, it could mean a change in property management company when the new owners took over giving property managers good reason to make return on investment a top short- and long-term priority.
Romer said concerns about safety and health are a priority - just not at the core of what the district needs to improve.
First Priority is one of the largest groups in the nation that seeks to form fundamentalist Christian clubs on secondary school campuses.
The Priority Health Cycling Team is one of only four national teams to be invited to participate in the Tour and one of only 15 International Cycling Union (UCI) Continental teams in the United States.
This is the fourth year Priority has participated in the program with local SPCA's during the holidays.

Full browser ?