The recent release of Sales Insight changed the Priority field to "Engagement" in SFDC. It would be much less confusing if it were changed back to being labeled as Priority.
Here's the view of the field in Setup > Customize > Leads > Fields
Since the Priority field (now called Engagement) is not necessarily based on lead activity, but a combination of Urgency and Relative Score, this is confusing. Also, it's still called Priority in Marketo.
The community article which describes the different fields is found here:
https://community.marketo.com/MarketoArticle?id=kA050000000KyvXCAS
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