Superpriority
/ˌsuːpərˈpraɪərɪti/
Definitions
- (n.) A status that gives a claim or lien priority over other claims under law or agreement.
The lender obtained superpriority status, ensuring repayment before other creditors.
Related terms
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Commentary
Superpriority often arises in secured lending contexts and must be clearly established in agreements to avoid disputes over repayment rank.
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