... Absolute Priority of ClaimsIn cases of liquidation of a firm’s assets, the rule requiressatisfaction of certain claims prior to the satisfaction of other claims. The priority of claims in liquidation ... USALin Peng Baruch College of the City, University of New York, New York, NY, USAFai-nan Perng Central Bank of the Republic of China (Taiwan), Taipei,Taiwan, Republic of ChinaTriphon Phumiwasana ... hold, in part because of transportation costs, tariffs, quotas, and other free traderestrictions. A more useful offshoot of absoluteC F. Lee and A.C. Lee (eds.), Encyclopedia of Finance, DOI 10.1007/978-1-4614-5360-4_1,#Springer...