HomeDefinitionsCompareDebt Rule of Absolute PriorityThe financial definition for Rule of Absolute Priority:A condition of bankruptcy proceedings under which junior (subordinated) claim holders can receive no payment until senior (priority) claim holders are paid in full. 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 SuggestionsAbsolute priorityClick to compare definitions of Rule of Absolute Priority Click to view definitions beginning ru |