Prior Right
/ˈpraɪər raɪt/
Definitions
- (n.) A legally recognized claim or entitlement that takes precedence over others regarding a particular subject or property.
The creditor asserted a prior right to the debtor's assets before other claimants.
- (n.) A right established by temporal priority, giving its holder preference in enforcement or satisfaction.
Under the law, the mortgage lender holds a prior right to proceeds from the sale of the property.
Forms
- prior rights
Related terms
See also
Commentary
The term 'prior right' typically emphasizes temporal or hierarchical precedence in claims and should be carefully distinguished from similar priority concepts; clarity in drafting helps prevent disputes over the order of enforcement.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.