Priority Claim - Law Dictionary Search Results
Magna Carta
and their sureties appears to be clear and satisfactory. It is the prerogative of the Crown to claim priority for taxes and penalties before all other creditors, and to recover by a very prompt and efficacious process,
Race-notice statute
means a recording law providing that the person who records first without notice of prior unrecorded claim, has priority, Black's Law Dictionary, 7th Edn., p. 1265.
subrogate
a second creditor) for another with regard to a legal right or claim [s the trustee to the priority and avoidance rights of certain unsecured creditors "J. J. White and R. S. Summers"] [the surety who pays
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senior
senior : having higher rank or priority [a lienholder] ;specif : having a claim on corporate assets and income prior to other securities
recording act
forth the requirements for recording a deed or interest (as in real property) and the standards for determining priority among different parties with claims on the same property see also notice, pure race, race-notice … a deed or interest (as in real property) and the standards for determining priority among different parties with claims on the same property see also notice, pure race, race-notice
pure race
a recording act in which the first party to properly record documentation of an interest in property has priority regardless of notice of other claims [a pure race statute] compare notice, race-notice … first party to properly record documentation of an interest in property has priority regardless of notice of other claims [a pure race statute] compare notice, race-notice
patent
the inventor to claim “patent pending” status for the invention and to establish an earlier filing date and priority of the invention. A regular patent application must be made within a year of the provisional application or
perfect
court by satisfying procedural requirements b : to put (one's security interest) in a position or status having priority over subsequently perfected security interests or unperfected security interests by taking statutorily prescribed steps to give notice esp. … : to make something (as a security interest) complete, in conformity with the law, or valid against third-party claims per·fec·tion [pər-fek-shən] n
Notice
a prior equitable right, who obtains the legal estate at the time of his purchase, is entitled to priority in equity, as well as at law, according to the maxim: 'Where conflicting equities are equal, the law … cases in which the same are material, and so does the occupation of land or an title or claim of an occupier, though the notice does not necessarily mean notice of an adverse claim. To sum up,
Debt
known as 'Hinde Palmer's Act'), special contract debts, as by bonds, covenants, and other instruments under seal, took priority over debts by simple contract; but this Act abolished that distinction as to priority. As to attachment of … a sum of money due from one person to another. An action of debt lay where a person claimed the recovery of a liquidated or certain sum of money affirmed to be due to him; and it
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