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No best answer has yet been selected by percy11. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.To my recollection there is always somebody above or below you in rank. Very rarely would two people be exactly the same.
For commissioned officers it works like this : First there is your actual rank of course, second is the date you obtained that rank (your seniority is from that date). This date is probably the most important date in your service life as it governs practically everything including your position in the promotion bracket.
That is why you get people avidly studying the Army/Navy or Air Force List and in some films you will hear them ask another their date. I seem to recollect this happening in the film Zulu between Michael Caine and Stanley Baker and is how Baker obtained the overall command (in the film, that is). The date of obtaining a rank dictates your seniority and, in some cases is a sharp reminder to those who have been 'passed over' for promotion.
I have no idea where an 'acting rank' would fit into this scheme of things though.