MLchartDataset catalogue

Priority debt

Term · Law · MLC-T-LAW-003904

A type of debt that must be paid before other, unsecured debts in the event of bankruptcy or insolvency. These debts are given preferential treatment by law due to their nature or the status of the creditor. Examples include certain taxes, wages owed to employees, and child support obligations.

Table 1. Record
IdentifierMLC-T-LAW-003904
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003904",
  "term": "Priority debt",
  "field": "Law",
  "definition": "A type of debt that must be paid before other, unsecured debts in the event of bankruptcy or insolvency. These debts are given preferential treatment by law due to their nature or the status of the creditor. Examples include certain taxes, wages owed to employees, and child support obligations.",
  "url": "https://mlchart.com/terminology/law/priority-debt/"
}

Record 3,941 of 5,445 in Law terminology (MLC-0107). Request the full dataset.