- preferential payment
- A payment made to a preferential creditor
Big dictionary of business and management. 2014.
preferential payment
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preferential transfer — Certain transfers or payments made to creditors within 90 days before the bankruptcy is filed may be reversed and recovered by the bankruptcy court. Where the creditor is an insider (relative, shareholder, etc.) the 90 days is extended to one… … Glossary of Bankruptcy
preferential debt payment — A debt payment made to a creditor in the 90 day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives the creditor more than the creditor would receive in the debtor s chapter 7 case.… … Glossary of Bankruptcy
preferential debts — categories of debts listed in the Insolvency Act 1986 and having priority to any claims to principal or interest under a debenture. Collins dictionary of law. W. J. Stewart. 2001. preferential debts … Law dictionary
preferential transfer — USA preference, Also known as a preferential transfer. A transfer made by an insolvent debtor to a creditor in payment of a preexisting debt within 90 days before the date when the bankruptcy petition is filed (or if the creditor is an insider,… … Law dictionary
preferential creditor — Preferential creditors have prior rights, under the Insolvency Act 1986 to payment from the assets available for creditors in the event of an insolvency (e.g. the Inland Revenue, VAT or employees wages). They rank after fixed charges but before… … Law dictionary
preferential dividend — A dividend which the shareholder is entitled to receive ahead of the payment of dividends on other classes of shares (usually the ordinary shares). The dividend is usually a fixed percentage of the nominal value (and any premium) paid up on the… … Law dictionary
Preferential creditor — A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor who receives a preferential right to payment upon the debtor s bankruptcy under applicable insolvency laws.In most legal systems, some creditors are given… … Wikipedia
facilitating payment — A minor payment made to an individual or organization in order to encourage the correct and timely performance of duties. The term facilitating payment (or expediting payment) is associated with the *Foreign Corrupt Practices Act, which… … Auditor's dictionary
Unfair preference — In many legal systems, where a person or company transfers assets or pays a debt to a creditor shortly before going into bankruptcy, that payment or transfer can be set aside on the application of the liquidator or trustee in bankruptcy as an… … Wikipedia
Caribbean Community — Infobox Geopolitical organization name = Caribbean Community (CARICOM) linking name = the Caribbean Community map caption = Map showing CARICOM members, associates and observers membership = admin center type = Seat of Secretariat admin center =… … Wikipedia
