Merriam-Webster Online Dictionary
priority (noun)1.
a) (1) the quality or state of being - prior
(2) precedence in date or position of publication - used of taxa
b) (1) superiority in rank, position, or privilege
(2) legal precedence in exercise of rights over the same subject matter
2.
a preferential rating , especially one that allocates rights to goods and services usually in limited supply - that project has top priority
3.
something given or meriting attention before competing alternatives