Priority Claim - Definition - Law Dictionary Home Dictionary Definition priority-claim

priority claim

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An unsecured claim that is entitled to be paid ahead of other unsecured claims that are not entitled to priority status. Priority refers to the order in which these unsecured claims are to be paid.proof of claim A written statement and verifying documentation filed by a creditor that describes the reason the debtor owes the creditor money. (There is an official form for this purpose.)

Source: Administrative Office of the U.S. Courts