Words / R / Law

ranking

noun/ˈræŋkɪŋ/

B2CEFR level
45/100Rarity: uncommon
TechnicalRegister

The order of priority in which claims or securities are paid on an insolvency.

The intercreditor deed fixed the ranking of the senior and mezzanine lenders.

Similar: priority

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law