Definicja payment priority

In Russia, a means of classifying payment orders according to what order they must be paid in.

If a person or company does not have enough funds to cover all of the payment orders it has issued, they are required by law to prioritise them according to what the payments are for. For example, a company must give top priority to sick pay, but only fourth priority to tax remittance payments: it must pay its sick employees before it pays its taxes.

Each payment order bears a number that indicates its priority. For example, 1 denotes sick pay and alimony payments, and 4 denotes tax remittance payments.