priority rule

См. также в других словарях:

• absolute priority rule — n: a rule that provides for the satisfaction in full of claims of senior creditors before any payments can be made to junior creditors under a chapter 11 bankruptcy plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. absolute… …   Law dictionary

• absolute priority rule — In a Chapter 11 Plan, the debtor in possession must completely satisfy the claims of a higher, dissenting class before the claims of classes lower in priority can participate in the reorganization. Thus, a corporate debtor s shareholders cannot… …   Glossary of Bankruptcy

• Rule in Dearle v Hall — The rule in Dearle v Hall (1828) 3 Russ 1 is an English common law rule to determine priority between competing equitable claims to the same asset. The rule broadly provides that where the equitable owner of an asset purports to dispose of his… …   Wikipedia

• Priority to the right — is a right of way system, in which a driver of a vehicle shall give way to vehicles approaching from the right at intersections. The system is stipulated in Article 18.4.a of the Vienna Convention on Road Traffic for countries where traffic keeps …   Wikipedia

• priority — priority, precedence can both mean the act, the fact, or, especially, the right of preceding another. When the reference is to the right, both terms usually imply an established or accepted code that determines which shall precede the other.… …   New Dictionary of Synonyms

• absolute priority rule — principle that creditor s demands outweigh shareholder s demands for payment in the event of a company s liquidation (Economics) …   English contemporary dictionary

• priority —   Rule of nomenclature whereby the first published of two validly published names for the same taxon is given approval as the accepted name.   See also International Code of Botanical Nomenclature …   Expanded glossary of Cycad terms

• Priority right — In patent, industrial design rights and trademark laws, a priority right or right of priority is a time limited right, triggered by the first filing of an application for a patent, an industrial design or a trademark respectively. The priority… …   Wikipedia

• Priority draft pick — The Priority draft pick is a term used in the Australian Football League s AFL Draft. Brief outline of the AFL DraftAt the conclusion of the AFL season, selections in all three AFL drafts (the National Draft, Pre Season Draft and Rookie Draft)… …   Wikipedia

• Priority Review Voucher — The priority review voucher is a prize awarded to the developer of a treatment for Neglected Diseases. The prize was proposed by Duke University faculty Henry Grabowski, Jeffrey Moe, and David Ridley in their 2006 Health Affairs paper: Developing …   Wikipedia

• Rule of Absolute Priority — A condition of bankruptcy proceedings under which junior ( subordinated) claim holders can receive no payment until senior ( priority) claim holders are paid in full. Bloomberg Financial Dictionary …   Financial and business terms