a position in a company or an organisation, especially one which shows how important someone is relative to others nouna position in a company or an organisation, especially one which shows how important someone is relative to others ExamplesAll managers are of equal rank. • Promotion means moving up from a lower rank.Usagein rank orderin order according to position of importanceverbto classify in order of importance ExampleCandidates are ranked in order of their test results.to be in a position ExamplesThe non-voting shares rank equally with the voting shares. • Deferred ordinary shares do not rank for dividend. to be in a position to classify in order of importance