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 ?
At this point, it may be useful to consider whether the priority transactions are bursty in nature.
A penalty related to a priority claim and in compensation for actual pecuniary loss.
30, 1992 gives the 1988 taxes a nondischargeable priority status.
MTA board member James Cragin, who represents smaller cities in the county and who attended Thursday's MTA committee meeting, said he needs more information before deciding whether the 101-405 interchange deserves top priority.
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In response, 1,252 parents or guardians said repairing or replacing leaky roofs is the highest priority, while 385 called it an intermediate priority, and 70 said it is the lowest priority.
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150,000,000 class A1-A first priority delayed draw senior secured floating-rate notes due 2042 'AAA';
480,000,000 class AAA Class A-1 First Priority Senior Floating-Rate Notes Due April 2047 'AAA';

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