Priority

the Bankruptcy Codethe informal name for title 11 of the United States Code (11 U.S.C. § 101-1330), the federal bankruptcy law.'s statutory ranking of unsecured claims that determines the order in which unsecured claims will be paidThis is the amount of tax posted as paid for the year in question, either in installment payments or if there is not enough money to pay all unsecured claims in full.

priority

The Bankruptcy Codethe informal name for title 11 of the United States Code (11 U.S.C. § 101-1330), the federal bankruptcy law.'s statutory ranking of unsecured claims that determines the order in which unsecured claims will be paidThis is the amount of tax posted as paid for the year in question, either in installment payments or if there is not enough money to pay all unsecured claims in full. For example, under the BankruptcyThe legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver Code's priority scheme, money owed to the case trusteeAn individual or institution that holds the legal title to an asset and administers it for the benefit or for prepetition alimony and/or child supportIn technical analysis, a price area where new buying is likely to come in and stem any decline. See Resistance. must be paid in full before any generalCoverage that pertains, for the most part, to claims arising out of the insured's liability for injuries unsecured debtA debt that does not involve collateral. This type of debt is the result of money owed, for example, (i.e. trade debtThat which is due from one person or another; obligation, liability. or credit cardAn instrument or device, whether known as a credit card, credit plate or any other name; issued (with debt) is paid.