fraudulent preference — Under the Bankruptcy and insolvency Act, this is the preferring by a debtor of one or more creditors over others by the payment to those creditors of some extraordinary amounts of money. Under the Bankruptcy and insolvency Act, the Trustee can,… … Glossary of Bankruptcy
fraudulent preference — a term formerly used in Scots insolvency law to describe a payment by a debtor to a favoured creditor, now replaced by the concept of unfair preference. Collins dictionary of law. W. J. Stewart. 2001 … Law dictionary
fraudulent preference — Giving a creditor an undue advantage over other creditors in securing his agreement to a composition. 15 Am J2d Comp Cred § 8. The act of a debtor in preferring one of his creditors by making payment to him with intent thereby to hinder, delay,… … Ballentine's law dictionary
fraudulent preference — noun : a payment to or advantage conferred on one creditor in fraud of the rights of other creditors by an insolvent debtor … Useful english dictionary
preference — pref·er·ence / pre frəns, fə rəns/ n 1: the right to prior payment of a debt with preference over the creditors of the heirs or legatees Louisiana Civil Code 2: the transfer of an insolvent debtor s interest in property to a creditor for an… … Law dictionary
preference — The right of one person over other persons, to be appointed administrator, for example, the right of a surviving spouse. 31 Am J2d Ex & Ad §§ 50 et seq. A right given to a stockholder of a corporation to subscribe at a stated price for shares of… … Ballentine's law dictionary
fraudulent conveyance — n: a conveyance of property made for the purpose of rendering the property unavailable for satisfaction of a debt or otherwise hindering or defeating the rights of creditors; specif: a conveyance of property that is made in return for inadequate… … Law dictionary
Fraudulent conveyance — A fraudulent conveyance, also fraudulent transfer is a civil cause of action. It arises in debtor/creditor relations, particularly with reference to insolvent debtors. The cause of action is typically brought by creditors or by bankruptcy… … Wikipedia
fraudulent preferences — See preference … Black's law dictionary
fraudulent preferences — See preference … Black's law dictionary
