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seniority

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sen⋅ior⋅i⋅ty

[seen-yawr-i-tee, -yor-]
–noun, plural -ties for 2.
1. the state of being senior; priority of birth; superior age.
2. priority, precedence, or status obtained as the result of a person's length of service, as in a profession, trade, company, or union: First choice of vacation time will be given to employees with seniority.

Origin:
1400–50; late ME < ML seniōritās, equiv. to L senior senior + -itās -ity
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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sen·ior·i·ty   (sēn-yôr'ĭ-tē, -yŏr'-)   
n.  
  1. The state of being older than another or others or higher in rank than another or others.

  2. Precedence of position, especially precedence over others of the same rank by reason of a longer span of service.

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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Cultural Dictionary

seniority

Length of service on a job. Seniority may be considered in making decisions about wages, layoffs, and other working conditions.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

seniority

The condition or status of a security that has priority over other securities by the same issuer with respect to the payment of income (that is, interest or dividends) and repayment of principal. As an example, for the same issuer, bonds have seniority over preferred stock and preferred stock has priority over common stock. See also junior security.

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: se·nior·i·ty
Pronunciation: sEn-'yor-&-tE
Function: noun
1 : the quality or state of being senior
2 : the senior status attained by length of continuous service (as in a company); also : the length of such continuous service
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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