priority

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Priority

Used for listed equity securities. System used in an auction market, in which the first bid or offer price is executed before other bid and offer prices, even if subsequent orders are larger. NYSE rules stipulate that the bid made first should be executed first, or if two bids came in at once, the bid for the large number of shares receives "priority." The bid not executed is then turned to the broker, who informs the customer that the trade was not completed because there was stock ahead. See: Standing.

Priority

In an auction market, a rule stating that the orders for a new issue must be executed in the order in which they are received. That is, as long as an offer or bid is made at the requested price, it must be executed before an offer or bid that is made after it, even if the second one is larger.

priority

The preference received by a bid or offer entered first in an auction market. Regardless of size, the first offer has priority if a transaction occurs at the price specified by the order.

priority

An order of payment of creditors if there are insufficient assets to pay all creditors.

References in periodicals archive ?
In the years 1992 through 1995, Reynolds incurred substantial environmental remediation costs in an effort to remediate contaminated areas, which resulted from its prior waste disposal practices.
2% to 1,574 units from the prior year quarter total of 2,161 units and dropped 21.
Health insurance companies use prior authorization to control the cost of expensive drugs, by making sure they are prescribed for medically recognized uses.
The first dispute was whether Quaker State had included an item in income in a prior year.
Prior it was only a matter of time before the equation "anti-Zionism equals anti-Semitism" would work its way into the religious dialogue, as one of the many fruits of a campaign to close down any criticism of Israel.
The Golden Panthers (43-20) scratched out a first-inning run off Prior (14-1), and FIU's No.
172(h) is the lesser of (1) the interest expense allocable to the CERT ($5 million) or (2) the excess of 2002 interest expense ($20 million) over P's average interest expense for the prior three years ($15 million), or $5 million.
Prior to joining AKAM Associates, Fingerman worked as the New York City Department of Housing Preservation and Development.
But FIU must find a way to squeeze two victories against Prior (13-1, 1.
For the nine months ended September 30, 2006 compared to the same period in the prior year:
The prior regulations also provided that an acquisition and an intended acquisition may be similar, even though the identity of the acquirer, the acquisition's tinting or the actual acquisition's terms are different from the intended acquisition.
Prior to joining Interior Architects, she worked at AT&T Global Real Estate, where she implemented numerous workplace design solutions.