priority

[prahy-awr-i-tee, -or-]
noun, plural priorities for 2–4.
1.
the state or quality of being earlier in time, occurrence, etc.
2.
the right to precede others in order, rank, privilege, etc.; precedence.
3.
the right to take precedence in obtaining certain supplies, services, facilities, etc., especially during a shortage.
4.
something given special attention.
adjective
5.
highest or higher in importance, rank, privilege, etc.: a priority task.

Origin:
1350–1400; Middle English < Middle French priorite < Medieval Latin priōritās. See prior1, -ity

nonpriority, adjective
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
priority (praɪˈɒrɪtɪ)
 
n , pl -ties
1.  the condition of being prior; antecedence; precedence
2.  the right of precedence over others
3.  something given specified attention: my first priority

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

priority
late 14c., from O.Fr. priorite (14c.), from M.L. prioritatem (nom. prioritas) "fact or condition of being prior," from L. prior (see prior (adj.)). Prioritize is first recorded 1973, apparently coined during the 1972 U.S. presidential election.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
For many corporate leaders it is a vital part of their attempt to motivate
  employees and to set priorities.
The label highlights the regions as priorities for the world's conservation
  efforts.
It triggers the light sequence to priorities my light to change to green.
For some of the questions, it is a matter of examining perception of priorities
  rather than a true tradeoff.
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