Definition of "Priority"

Michael Digennaro
  We Say Sold

  1. Preference.
  2. Precedence.
  3. Something given prior attention.
  4. Something having a higher level of importance or ranking. Example of when priority apply are a prospective tenant for an apartment is the first to be called, a secured creditor coming before an unsecured creditor in bankruptcy, and a first lien on property.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ