precedence

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In British English, both words are pronounced with the stress on the first syllable, but in American English the stress is sometimes put on the second, as it is in precede. Precedence means 'priority in time, order, or importance', whereas a precedent (countable) is 'a decision that may be taken as a model for future action'. The use of precedent as an adjective meaning 'preceding in time or order' is now rare.

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priority of one order over another on the floor of the exchanges, according to rules designed to protect the double-auction system. The rules basically are that the highest bid and lowest offer have precedence over other bids and offers, that the first bid or first offer at a price has priority over other bids or offers at that price, and that the size of the order determines precedence thereafter, large orders having priority over smaller orders. Where two orders of equal size must compete for the same limited quantity after the first bid is filled, the impasse is resolved by a flip of the coin.
See also matched and lost. Exchange rules also require that public orders have precedence over trades for floor members’ own accounts.
See also off-floor order; on-floor order.

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noun

The act, condition, or right of preceding: antecedence, precedency, priority, right of way. See precede/follow.

n

Definition: highest in rank; first in order
Antonyms: inferiority, last, lowest

A formal list of commissioned officers in the Naval Service and their position of authority realtive to each other.

(DOD) 1. communications--A designation assigned to a message by the originator to indicate to communications personnel the relative order of handling and to the addressee the order in which the message is to be noted. Examples of communication precedence from most immediate to least are flash, immediate, priority, and routine. 2. reconnaissance--A letter designation, assigned by a unit requesting several reconnaissance missions, to indicate the relative order of importance (within an established priority) of the mission requested. 3. evacuation--The assignment of a priority for medical evacuation that is based on patient condition, advice of the senior medical person at the scene, and the tactical situation. See also flash message; immediate message; priority message; routine message.

IN BRIEF: Priority in place, time, or rank.

For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled. — Richard Feynman (1918-1988)

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For a list of words related to precedence, see:

• Relative Time - precedence: act or state of going before; right to priority

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See words rhyming with "precedence."

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Dansk (Danish)
n. - forrang, rangfølge

idioms:

• take precedence    gå forud for, have forrang

Nederlands (Dutch)
voorrang, prioriteit

Français (French)
n. - priorité, préséance

idioms:

• take precedence    avoir la priorité

Deutsch (German)
n. - Priorität, Vorrang, Rangordnung

idioms:

• take precedence    Vorrang haben

Ελληνική (Greek)
n. - προβάδισμα, προτεραιότητα

idioms:

• take precedence    προηγούμαι

Italiano (Italian)
precedenza

idioms:

• take precedence    avere la precedenza

Português (Portuguese)
n. - precedência (f)

idioms:

• take precedence    tomar precedência

Русский (Russian)
приоритет

idioms:

• take precedence    иметь более важное значение, стоять впереди

Español (Spanish)
n. - precedencia

idioms:

• take precedence    tener prioridad

Svenska (Swedish)
n. - företräde

中文（简体）(Chinese (Simplified))
优先, 居先

idioms:

• take precedence    占先

中文（繁體）(Chinese (Traditional))
n. - 優先, 居先

idioms:

• take precedence    佔先

한국어 (Korean)
n. - 앞서기, 선행

idioms:

• take precedence    ~에우선하다

日本語 (Japanese)
n. - 先行, 優位, 上席, 優先権

idioms:

• take precedence    優先する

العربيه (Arabic)
‏(الاسم) أسبقيه, أولويه‏

עברית (Hebrew)
n. - ‮זכות עדיפות, משפט הבכורה, ראשונות, קדימה, עליונות‬

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