Priority: Canada Debt .ca defines Priority

Bankruptcy Term Priority

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Canada Debt has the definition to the bankruptcy and debt term Priority. Finding answers to terms such as Priority can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Priority in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Priority' is used as follows:

The order in which creditors are ranked for payment of claims provable under the Bankruptcy and Insolvency Act.