priority


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Related to priority: priority mail, Priority queue

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 ?
The highest priority of unsecured taxes is for taxes necessary to administer the estate.
Taxes not assessed before, but assessable under law, are elevated to a priority status.
In addition to the Priority Health UCI Continental team, there are three regional teams: a U23 Men's Team (under age 23), an Elite Women's Team, and an Elite Masters Men's Team (age 30+).
Building a new Piute Middle School was rated top priority by 424 parents, 602 said it is an intermediate priority, and 623 considered it the lowest priority.
In October 2006, Priority Health's service area expanded to include Kalamazoo, Barry, Van Buren and Calhoun counties.
34,000,000 class B fourth priority deferrable secured floating-rate notes due 2042 'AA';
70,725,000 Class B Fourth Priority Senior Floating-Rate Notes Due April 2047 'AA';
80,500,000 class A-2 second priority senior secured floating-rate notes due 2037 'AAA';
250,000,000 class A-3 third priority senior secured floating-rate notes due 2048 'AAA';
62,400,000 class C third priority floating rate capitalized interest term notes due 2037 'A+';
The downgrade is the result of undercollateralization and limited interest revenues, combined with the diversion of principal proceeds to the interest due on the second priority senior notes.

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