HomeDefinitionsCompareDebt Absolute priorityThe financial definition for Absolute priority:Rule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment. Similar MatchesAbsolute advantageAbsolute advantageA person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country. Absolute form of purchasing power parityAbsolute form of purchasing power parityA theory that prices of products of two different countries should be equal when measured by a common currency. Also called the "law of one price." Absolute Physical LifeAbsolute Physical LifeThe period of use after which an asset has deteriorated to such an extent that it can no longer be used. Further SuggestionsRule of Absolute PriorityClick to compare definitions of Absolute priority Click to view definitions beginning ab |