Test your vocabulary with our 10-question quiz!
TAKE THE QUIZ“priority rule”
We have one entry that includes the term priority rule.
absolute priority rule
noun: 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
-
- The business’s new computer system proved not to be a panacea.
You can make only 12 words. Pick the best ones!
PLAYLove words? Need even more definitions?
Merriam-Webster unabridged