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priority

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Priority
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pri⋅or⋅i⋅ty

  [prahy-awr-i-tee, -or-] noun, plural -ties for 2–4.
Use priority in a Sentence
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., esp. during a shortage.
4. something given special attention.
–adjective
5. highest or higher in importance, rank, privilege, etc.: a priority task.
Origin:
1350–1400; ME < MF priorite < ML priōritās. See prior 1 , -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Priority
36000 Legal Forms & Templates Complete Library, Priority Forms
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pri·or·i·ty   (prī-ôr'ĭ-tē, -ŏr'-)   
n.   pl. pri·or·i·ties

  1. Precedence, especially established by order of importance or urgency.

    1. An established right to precedence.

    2. An authoritative rating that establishes such precedence.

  3. A preceding or coming earlier in time.

  4. Something afforded or deserving prior attention.


[Middle English priorite, from Old French, from Medieval Latin priōritās, from Latin prior, first; see prior2.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

priority 
1387, 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, © 2001 Douglas Harper
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Financial Dictionary

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.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: pri·or·i·ty
Pronunciation: prI-'or-&-tE
Function: noun
Inflected Form: plural -ties
: precedence in exercise of rights in the same subject matter priority over unsecured ones>

Main Entry: priority
Function: adjective
1 : having precedence over another in the exercise of rights in the same subject matter priority creditor> priority claim>
2 : of or relating to priority priority contest>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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