seniority

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seniority

Vox populi The length of time spent in a department, company or other organization, which usually forms the basis for ↑ privileges, salary, responsibility
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Courts of the Fourth, Seventh, and Ninth Circuits have concluded that old interest holders of a nonprofit are permitted to control it throughout its reorganization process, reasoning that the operational limitations inherent to nonprofits render the absolute priority rule effectively irrelevant.
We will then discuss how absolute priority fares as we relax our informational and liquidity assumptions.
1 Franks and Torous (1989) define a deviation from absolute priority in terms of a creditor relinquishing part of a claim as a result of management remaining in control during the reorganization period.
It was an absolute priority so we are thrilled with this donation.
of the absolute priority rule whenever interests in an insolvent
Amicus has undertaken to negotiate without any preconditions and our absolute priority will be to protect the jobs of our members and to protect their terms and conditions.
Managing director Simon Jones from promoter Factory Events said: "Our absolute priority remains the safety and security of the public, staff and others who use the Custard Factory.
The absolute priority for the club is the recovery of (Tito) Vilanova, everything else is secondary.
The Eggs are an absolute priority in breakfast and people are forced to purchase them on high prices to maintain their good health.
Tackling burglary is an absolute priority for West Yorkshire Police and we will do everything in our power to catch those responsible.
I know that he has an absolute priority to help us and our industry, and the car industry in particular, to get through the situation as healthily as possible, and I support that.
He added: "Safety is our absolute priority and we will assist the police in any way we can with their investigation into this incident.