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precedence (n.)

late 15c., "a being a precedent, previous occurrence or existence," from precedent (n.) + -ence, or from Medieval Latin praecedentia, from Latin praecedent-, past-participle stem of praecedere. Meaning "act or fact of preceding another, right of preceding another in processions, assemblies, social formalities, etc." is from c. 1600.

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Definitions of precedence from WordNet

precedence (n.)
status established in order of importance or urgency;
...its precedence as the world's leading manufacturer of pharmaceuticals
Synonyms: precedency / priority
precedence (n.)
preceding in time;
Synonyms: priority / antecedence / antecedency / anteriority / precedency
precedence (n.)
the act of preceding in time or order or rank (as in a ceremony);
Synonyms: precession / precedency
From wordnet.princeton.edu