Letter P
bankruptcy
Priority Claim
A claim that is entitled to be paid before general unsecured claims in a bankruptcy case, including certain taxes, wages, and domestic support obligations.
Related terms
More legal terms starting with P
Looking for citation help? How to cite law · Citation methodology
See also: Full glossary index
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.