Before the crisis the conventional wisdom had been that people would do whatever they could to stay in their houses, giving priority to mortgage payments over all other forms of debt.
危机前,传统智慧认为无论怎样人们都会竭尽所能保有自己的房子,按揭款的优先级将高于其他债务。
Another priority is to convert around 70% of GM's outstanding debt into equity.
通用的另一个当务之急是要将其接近70%的未偿还债务转换成股本发行。
Securities that have priority ahead of all other unsecured or subordinated debt in ranking for payment in the event of default.
指在呈现违约时,在付出次序上优先于扫数其他无包管或次级债务的证券。
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