Series 79: Priority Claims

Taken from our FINRA Investment Banking Exam

Definition of the term Priority Claims...

in bankruptcy, special categories of unsecured claims that take priority over other unsecured claims. Examples include administrative expenses and unpaid wages. However, these claims still have lower priority than all secured claims. Compare to general unsecured claims.

Since you're reading about Series 79: Priority Claims, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!