Unsecured Creditor - Law Dictionary Search Results

priority

priority pl: -ties : precedence in exercise of rights in the same subject matter [secured interests have over unsecured ones] adj 1 : having precedence over another in the exercise of rights in the same subject matter … adj 1 : having precedence over another in the exercise of rights in the same subject matter [a creditor] [a claim] 2 : of or relating to priority [a contest]