priority debt

基本解释

The fundamental way to solve this problem is to give priority to the debt of mass tort.
解决这一不足的根本策略在于赋予大规模侵权之债优先权。
Debt over which senior debt takes priority; in bankruptcy, subordinated debt-holders receive payment only after senior debt is paid off in full.
清偿次序排在优先债务之后的债务。企业破产时，次要债务持有人要在优先债务全部偿还后才能获得清偿。
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Third, he dedicated certain revenue sourcesto repayment of the debt, with priority over other spending.
再次，他将某些税源专门用于偿债，其优先权高于其他支出。

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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