Precedence

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Related to arithmetic operator: logical operator, Relational operator, Comparison operator

Precedence

The established system of priorities of trades in an exchange. For example, the highest bid and lowest offer have highest precedence; the first bid or first offer at a price has highest priority, and large orders have priority over smaller orders.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Precedence

On an exchange, the succession in which floor traders must execute orders. Invariably, the orders with the highest bid or the lowest ask are executed first. If two orders have an identical price, the one entered first has precedence. The specific rules of precedence are set by each exchange individually.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

precedence

The sequence in which orders are executed on an exchange floor. For example, the order with the lowest ask or highest bid has precedence over other orders. With orders at an identical price, the one entered earliest has precedence. The precedence of orders is established by the rules of each exchange.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Then, an SVTN-hybrid arithmetic operator, denoted by [S.sup.[??].sub.hao] : [[OMEGA].sup.n] [right arrow] [OMEGA], is defined by
Let [mathematical expression not reproducible] for j [member of] [I.sub.n] and [S.sup.[??].sub.hao] be the SVTN-hybrid arithmetic operator. Then, their aggregated value by using [S.sup.[??].sub.hao] operator is also a SVTN-number and
All arithmetic operators perform type-specific operations depending on the types of the actually supplied arguments, sometimes first performing type coercions.
Coverage includes processing of missing values, importing and changing data, enhancing and joining data sets, working with formats and informats, using the output delivery system, programming with arithmetic operators and logical statements as well as functions and constants, and refining output and program operation.