Precedence

Business / Finance / Precedence: The established system of priorities of trades in an exchange. For example, the highest bid and lowest offer have highest precedence; the first bid or first offer at a price has highest priority, and large orders have priority over smaller orders.

Other Words for Precedence

Precedence Noun Synonyms: precedency, priority, pre-eminence, superiority, supremacy, preference, privilege, prerogative, importance, rank, position, primacy
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Precedence Effect

Technology / Home Audio / Precedence Effect: Also known as the Haas effect, this phenomenon identifies the tendency for the ear to attribute all perceived sound to the nearest emitter, even if a more distant speaker is actually louder. Thus, dru MORE

Floor Trader

Business / Finance / Floor Trader: Summary of a stock or commodities exchange order ticket by the registered representative on receipt of a buy or sell order from a client; gives the floor broker the information needed to execute a sec MORE

Haas Effect

Technology / Home Audio / Haas Effect: Also known as precedence effect, describes the human psychoacoustic phenomena of correctly identifying the direction of a sound source heard in both ears but arriving at different times. Due to the he MORE

Junior Issue

Business / Finance / Junior Issue: A debt or equity issue from one corporation over which the issue of another firm takes precedence with respect to dividends, interest, principal, or security in the event of liquidation. MORE

First Notice Day

Business / Finance / First Notice Day: A type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default. MORE

Prior-Lien Bond

Business / Finance / Prior-Lien Bond: A bond usually arising from reorganization with precedence over another bond of the same issuing company that is equally secured. MORE

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