priority claim Meaning in the Cambridge English Dictionary
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Meaning of “priority claim” in the English Dictionary

"priority claim" in Business English

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priority claimnoun [C]

uk   us  
FINANCE, LAW the ​right of a ​person or ​company to be ​paidmoney that is ​owed to them by a ​bankruptcompany before other ​people or ​companies are ​paid
(Definition of priority claim from the Cambridge Business English Dictionary © Cambridge University Press)
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