Priority of debts

Related to Priority of debts: Unsecured Debts
a superior claim to payment, or a claim to payment before others.

See also: Priority

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in periodicals archive ?
When a personal representative of an estate distributes its assets in derogation of the priority of debts owed to the U.S., the personal representative is personally liable for the unpaid claims to the extent of the distributions.
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