diff --git a/panel/holoviews.py b/panel/holoviews.py
index dcd071341c..710712c8dd 100644
--- a/panel/holoviews.py
+++ b/panel/holoviews.py
@@ -34,7 +34,7 @@ class HoloViews(PaneBase):
         A mapping from dimension name to a widget instance which will
         be used to override the default widgets.""")
 
-    precedence = 0.8
+    priority = 0.8
 
     def __init__(self, object, **params):
         super(HoloViews, self).__init__(object, **params)
diff --git a/panel/pane.py b/panel/pane.py
index 6e83da278a..7872f0723a 100644
--- a/panel/pane.py
+++ b/panel/pane.py
@@ -82,10 +82,10 @@ class PaneBase(Reactive):
         The object being wrapped, which will be converted into a Bokeh model.""")
 
     # When multiple Panes apply to an object, the one with the highest
-    # numerical precedence is selected. The default is an intermediate value.
-    # If set to None, applies method will be called to get a precedence
+    # numerical priority is selected. The default is an intermediate value.
+    # If set to None, applies method will be called to get a priority
     # value for a specific object type.
-    precedence = 0.5
+    priority = 0.5
 
     # Declares whether Pane supports updates to the Bokeh model
     _updates = False
@@ -96,8 +96,8 @@ class PaneBase(Reactive):
     def applies(cls, obj):
         """
         Given the object return a boolean indicating whether the Pane
-        can render the object. If the precedence of the pane is set to
-        None, this method may also be used to define a precedence
+        can render the object. If the priority of the pane is set to
+        None, this method may also be used to define a priority
         depending on the object being rendered.
         """
         return None
@@ -108,16 +108,16 @@ def get_pane_type(cls, obj):
             return type(obj)
         descendents = []
         for p in param.concrete_descendents(PaneBase).values():
-            precedence = p.applies(obj) if p.precedence is None else p.precedence
-            if isinstance(precedence, bool) and precedence:
-                raise ValueError('If a Pane declares no precedence '
+            priority = p.applies(obj) if p.priority is None else p.priority
+            if isinstance(priority, bool) and priority:
+                raise ValueError('If a Pane declares no priority '
                                  'the applies method should return a '
-                                 'precedence value specific to the '
+                                 'priority value specific to the '
                                  'object type or False, but the %s pane '
-                                 'declares no precedence.' % p.__name__)
-            elif precedence is None or precedence is False:
+                                 'declares no priority.' % p.__name__)
+            elif priority is None or priority is False:
                 continue
-            descendents.append((precedence, p))
+            descendents.append((priority, p))
         pane_types = reversed(sorted(descendents, key=lambda x: x[0]))
         for _, pane_type in pane_types:
             applies = pane_type.applies(obj)
@@ -203,7 +203,7 @@ class Bokeh(PaneBase):
     Bokeh panes allow including any Bokeh model in a panel.
     """
 
-    precedence = 0.8
+    priority = 0.8
 
     @classmethod
     def applies(cls, obj):
@@ -505,8 +505,8 @@ class LaTeX(PNG):
     See https://matplotlib.org/users/mathtext.html for what is supported.
     """
 
-    # Precedence is dependent on the data type
-    precedence = None
+    # Priority is dependent on the data type
+    priority = None
 
     size = param.Number(default=25, bounds=(1, 100), doc="""
         Size of the rendered equation.""")
@@ -580,8 +580,8 @@ class HTML(DivPaneBase):
     allow room for whatever is being wrapped.
     """
 
-    # Precedence is dependent on the data type
-    precedence = None
+    # Priority is dependent on the data type
+    priority = None
 
     @classmethod
     def applies(cls, obj):
@@ -604,12 +604,12 @@ class Str(DivPaneBase):
     """
     A Str pane renders any object for which `str()` can be called,
     escaping any HTML markup and then wrapping the resulting string in
-    a bokeh Div model.  Set to a low precedence because generally one
+    a bokeh Div model.  Set to a low priority because generally one
     will want a better representation, but allows arbitrary objects to
     be used as a Pane (numbers, arrays, objects, etc.).
     """
 
-    precedence = 0
+    priority = 0
 
     @classmethod
     def applies(cls, obj):
@@ -624,12 +624,12 @@ class Markdown(DivPaneBase):
     """
     A Markdown pane renders the markdown markup language to HTML and
     displays it inside a bokeh Div model. It has no explicit
-    precedence since it cannot be easily be distinguished from a
+    priority since it cannot be easily be distinguished from a
     standard string, therefore it has to be invoked explicitly.
     """
 
-    # Precedence depends on the data type
-    precedence = None
+    # Priority depends on the data type
+    priority = None
 
     @classmethod
     def applies(cls, obj):
@@ -660,7 +660,7 @@ class YT(HTML):
     provide additional space.
     """
 
-    precedence = 0.5
+    priority = 0.5
 
     @classmethod
     def applies(cls, obj):
diff --git a/panel/param.py b/panel/param.py
index f53987e355..8309c27b64 100644
--- a/panel/param.py
+++ b/panel/param.py
@@ -104,7 +104,7 @@ class Param(PaneBase):
         Dictionary of widget overrides, mapping from parameter name
         to widget class.""")
 
-    precedence = 0.1
+    priority = 0.1
 
     _mapping = {
         param.Action:         Button,
diff --git a/panel/plotly.py b/panel/plotly.py
index 19925ddaa7..dde016f46e 100644
--- a/panel/plotly.py
+++ b/panel/plotly.py
@@ -37,7 +37,7 @@ class Plotly(PaneBase):
 
     _updates = True
 
-    precedence = 0.8
+    priority = 0.8
 
     def __init__(self, object, layout=None, **params):
         super(Plotly, self).__init__(self._to_figure(object, layout),
diff --git a/panel/tests/test_pipeline.py b/panel/tests/test_pipeline.py
index 5199408049..3aa881cbca 100644
--- a/panel/tests/test_pipeline.py
+++ b/panel/tests/test_pipeline.py
@@ -13,15 +13,15 @@
     pytest.skip("skipping if param version < 1.8.2", allow_module_level=True)
 
 class Stage1(param.Parameterized):
-    
+
     a = param.Number(default=5, bounds=(0, 10))
 
     b = param.Number(default=5, bounds=(0, 10))
-    
+
     @param.output(c=param.Number)
     def output(self):
         return self.a * self.b
-    
+
     @param.depends('a', 'b')
     def view(self):
         return '%s * %s = %s' % (self.a, self.b, self.output())
@@ -31,11 +31,11 @@ def panel(self):
 
 
 class Stage2(param.Parameterized):
-    
+
     c = param.Number(default=5, precedence=-1, bounds=(0, None))
 
     exp = param.Number(default=0.1, bounds=(0, 3))
-    
+
     @param.depends('c', 'exp')
     def view(self):
         return '%s^%s=%.3f' % (self.c, self.exp, self.c**self.exp)
@@ -46,7 +46,7 @@ def panel(self):
 @hv_available
 def test_pipeline_from_classes():
     import holoviews as hv
-    
+
     pipeline = Pipeline([('Stage 1', Stage1), ('Stage 2', Stage2)])
 
     layout = pipeline.layout
@@ -197,6 +197,6 @@ def test_pipeline_getitem():
 def test_pipeline_repr():
     pipeline = Pipeline()
     pipeline.add_stage('Stage 1', Stage1)
-    
+
     pipeline.add_stage('Stage 2', Stage2)
     assert repr(pipeline) == 'Pipeline:\n    [0] Stage 1: Stage1()\n    [1] Stage 2: Stage2()'
diff --git a/panel/vega.py b/panel/vega.py
index 5e21492411..c94a1ed66a 100644
--- a/panel/vega.py
+++ b/panel/vega.py
@@ -46,8 +46,8 @@ class Vega(PaneBase):
     the figure on bokeh server and via Comms.
     """
 
-    precedence = 0.8
-    
+    priority = 0.8
+
     _updates = True
 
     def __init__(self, object, **params):