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 ?
If shape parameter and scale parameter are not assumed to be independent then the joint Jeffreys prior for the parameters isEquation
It is unconscionable to use prior authorization to create paperwork obstacles in order to avoid paying for people's medicines--or to drive expensive patients out of the plan.
The court concluded, based on prior cases and the regulations, this exception primarily applied to sales returns and allowances.
There is also a large body of evidence in the Zionist archives and in the public domain, Prior writes, tracing the consistency of this line of thinking with the Jewish leadership in Palestine.
Requirements for legal documentation of criminal histories vary from State to State, but can include a subject's confession to prior convictions, certified copies of the journal entries of convictions from other courts, fingerprint records, and establishment of the functional equivalent of convictions from other States.
18) Since the regulations are retroactive in application, this mandated tax-allocation methodology is likely to produce a significantly different allocation from prior computations.
4% to 1,997 from the prior quarter total of 2,181 units as mixed economic news weakened demand.
Notably, the new procedure retains the provision allowing a taxpayer to elect the recurring-item exception or 3 1/2-month rule in conjunction with a capitalization change, and continues to allow those that made unauthorized changes in a prior year to use the automatic procedure as long as prior-year returns are amended.
The first time, the appellate justices sent it back to the trial court in 2002 for a trial on the prior conviction and for resentencing.
Multiple loans: In proposed regulations issued July 2000 (TD 8894), the IRS capped qualified plan loans at two per year; it was concerned that plan participants might take additional loans to pay prior ones.
Prior to joining the Staubach Company, he served as a broker at Cushman Realty Corp.