order of payment

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The reformed law groups creditors into classes, whereby creditors holding rank in the order of payment of claims must belong to the same class.

From Reuters • Feb. 15, 2023

By that bill thirty-six offices tenable by members of Parliament were suppressed, and an order of payment was framed by which the growth of any fresh debt was rendered impracticable.

From The Works of the Right Honourable Edmund Burke, Vol. 02 (of 12) by Burke, Edmund