[ prī ôr] ′ə tē, -är ′-
Priority is defined as that something or someone is more urgent or important than other things.
An example of priority is a claim that has to be processed right away and that jumps to the head of the line.
priority definition by Webster's New World
noun pl. priorities the fact or condition of being prior; precedence in time, order, importance, etc. a right to precedence over others in obtaining, buying, or doing something an order granting this, as in an emergency something to be given prior attention Origin: Middle English priorite ; from Midieval Latin prioritas Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc. priority definition by American Heritage Dictionary
noun pl. pri·or·i·ties Precedence, especially established by order of importance or urgency. a. An established right to precedence. b. An authoritative rating that establishes such precedence. A preceding or coming earlier in time. Something afforded or deserving prior attention. Origin: Middle English priorite, from Old French, from Medieval Latin priōritās, from Latin prior, first; see prior 2. The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. priority - Business Definition
A relative position or claim to something. In bankruptcy, for example, the claim of a secured bondholder has priority over the claim of an unsecured bondholder.
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. priority - Computer Definition
A particular order, or sequence, in which things take place (items processed, users served, etc.). A priority is based on a predetermined assignment of value, or importance, to different types of events and people.
Computer Desktop EncyclopediaTHIS DEFINITION IS FOR PERSONAL USE ONLYAll other reproduction is strictly prohibited without permission from the publisher.© 1981-2014 The Computer Language Company Inc. All rights reserved. priority - Investment & Finance Definition
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 for Today's Investor by David L. Scott. Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved. priority - Legal Definition
A condition of being higher in rank, or degree, or
having occurred at an earlier time; taking
precedence, especially a creditor’s right to receive payment from a debtor
before others are paid; the initiating court’s exercising the jurisdiction in a
case in which more than one court is involved.