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 ?
When a witness testifies at trial and has made a statement prior to trial, two Military Rules of Evidence (MRE)--MRE 801 and MRE 613--intersect to determine when and how the prior statement may be used to impeach.
Under MRE 801(d), certain prior statements are excluded from the hearsay definition in MRE 801(c).
It is to be assumed that the prior distribution of l is a Gamma distribution with hyperparameters ' a ' and ' b ', so the prior distribution of l is as under.
[H.sub.2]: Information about prior crimes is, in most cases, only marginally relevant to rational decisions about defendant's guilt in the instant case.
Russia: PMI Services (Aug.): 52.1 vs 51 expected (prior: 50.4)
Two full-time staff and eight part-time staff at the University of Utah handle prior authorizations for 40 dermatologists and 10 nonphysician clinicians.
As a result of a lower operating cash flow than in the prior year and higher capital expenditure, the free cash flow in the reporting period fell to minus 5.1 million euros (prior year: 13.3 million euros).
If shape parameter and scale parameter are not assumed to be independent then the joint Jeffreys prior for the parameters isEquation
Despite scoring a century on his Test debut against the West Indies at Lords in May 2007, Prior's early career with England was dogged by questions over his ability behind the stumps, but, after being dropped for almost a year in 2008, Prior has become one of the most consistent glove men in the international game.
Given the frequency of LEEP, and the well-known association between cervical length and preterm birth, it makes sense to look for a possible association between LEEP and preterm birth, but the findings of this study do not support an association between LEEP and either preterm birth or pregnancy loss prior to 24 weeks' gestation, or between LEEP and any specific subtype of preterm birth, including PPROM, he said.
Prior's make-ups in the first three Tests have been 100, 79 and 101 at Edgbaston, where he batted just once.
This initial 120-day period can be extended by the court for 90 days; however, no additional extensions may be granted without the prior written consent of the landlord.