P

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

An assignment of property for the benefit of creditors, made by an Insolvent debtor, in which it is directed that a preference (right to be paid first in full) shall be given to a creditor or creditors therein named. … [Read more...] about PREFERENTIAL ASSIGNMENT

The transfer of an asset by an insolvent debtor to a desired party to the exclusion and detriment of other creditors. … [Read more...] about PREFERENTIAL TRANSFER

Possessing or accorded a priority, advantage, or privilege. Generally denoting a prior or superior claim or right of payment as against another thing of the same kind or class. See State v. Oheraw & C. R. Co., 16 S. G. 528. Preferred creditor. A creditor whom the debtor has directed shall be paid before other creditors. Preferred debt. A demand which has priority; which is … [Read more...] about PREFERRED