priority claim — ➔ claim1 * * * priority claim UK US noun [C] ► FINANCE, LAW the right of a person or company to be paid money that is owed to them by a bankrupt company before other people or companies are paid … Financial and business terms
super-priority claim — an administrative claim that will be paid ahead of other administrative and priority claims (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
claim — A right to payment (SA Bankruptcy.com) A right to payment, whether or not fixed, contingent, liquidated, disputed, or matured. (Bernstein s Dictionary of Bankruptcy Terminology) BAR DATE The date by which claims must be filed with the Bankruptcy… … Glossary of Bankruptcy
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 right — In patent, industrial design rights and trademark laws, a priority right or right of priority is a time limited right, triggered by the first filing of an application for a patent, an industrial design or a trademark respectively. The priority… … Wikipedia
claim — ▪ I. claim claim 1 [kleɪm] noun [countable] 1. COMMERCE a request or demand for money, or the amount of money asked for: • The developer made a claim against the owner for extra building costs. • There were very large claims for loss of earnings … Financial and business terms
priority of claim — Claims of some employees, employee benefit plans, domestic support obligations, taxing bodies, and others may be entitled to payment prior to the claims of general unsecured creditors. Wages owed to employees for the last pay period prior to… … Glossary of Bankruptcy
Priority — Pri*or i*ty, n. [Cf. F. priorit[ e]. See {Prior}, a.] 1. The quality or state of being prior or antecedent in time, or of preceding something else; as, priority of application. [1913 Webster] 2. Precedence; superior rank. Shak. [1913 Webster]… … The Collaborative International Dictionary of English
Priority of debts — Priority Pri*or i*ty, n. [Cf. F. priorit[ e]. See {Prior}, a.] 1. The quality or state of being prior or antecedent in time, or of preceding something else; as, priority of application. [1913 Webster] 2. Precedence; superior rank. Shak. [1913… … The Collaborative International Dictionary of English
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
