The Law Dictionary

PRIVATE CARRIER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A business that transports goods and services but is not required to conduct business activities with the general public. … [Read more...]

PRIORITY DEBT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Debt that is paid first when several debts are required to be paid. Typically used in bankruptcy proceedings. Priority debt examples include secured creditors (versus unsecured), alimony and child support payments, professional fees owed to the trustee and the attorney in the bankruptcy case and employee wages. … [Read more...]

PRIVATE COMPANY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

See also private corporation, a company held by private individuals or parties. … [Read more...]

PRIORS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Slang term for prior criminal convictions. … [Read more...]

PRIVATE CORPORATION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A company that is not listed on a stock exchange, not publicly listed and whose owners are private parties. … [Read more...]

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