priority debt

基本解释

The fundamental way to solve this problem is to give priority to the debt of mass tort.
解決這一不足的根本策略在於賦予大槼模侵權之債優先權。
Debt over which senior debt takes priority; in bankruptcy, subordinated debt-holders receive payment only after senior debt is paid off in full.
清償次序排在優先債務之後的債務。企業破産時，次要債務持有人要在優先債務全部償還後才能獲得清償。
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Third, he dedicated certain revenue sourcesto repayment of the debt, with priority over other spending.
再次，他將某些稅源專門用於償債，其優先權高於其他支出。

He has stated that the terms of Ecuador's bond restructuring following the 1999 default were too favourable to bondholders and has hinted that social spending will take priority over debt servicing.
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None of these issues will have the kind of priority as spending and debt over the next two or three months.
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If Congress imposes a hard budget constraint on itself by refusing to raise the debt ceiling and establishes Social Security and interest on the debt as priority must-pays out of revenues before any other programs may be funded, it would require total other, non-priority spending to be reduced not quite one-third on average during the next ten years.
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