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In French law. The name given to the public functionary who is charged in chief with the administration of the laws, in each department of the country. The term is also used, in practically the same sense, in Mexico. But in New Mexico, a prefect is a probate judge. … [Read more...] about PREFECT

To show favor or preference for someone or something more than others. To bring before; to prosecute; to try; to proceed with. Thus, preferring an indictment signifies prosecuting or trying an indictment. To give advantage, priority, or privilege; to select for first payment as to prefer one creditor over others. … [Read more...] about PREFER

(A) A payment that is made by a debtor to a creditor during a period just prior to filing for bankruptcy. It is called a preference because the debtor has decided which of his creditors should receive the balance of his or her assets at the unfair expense of others who will be left with nothing to collect. Usually this period of preference deals with disposition of money or … [Read more...] about PREFERENCE

A term used in English law to designate a new issue of shares of stock in a company, which, to facilitate the disposal of them, are accorded a' priority or preference over the original shares. Such shares entitle their holders to a preferential dividend, so that a holder of them is entitled to have the whole of his dividend (or so much thereof as represents the extent to which … [Read more...] about PREFERENCE SHARES

Showing favoritism or a preference for over others. … [Read more...] about PREFERENTIAL