P

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

A creditor who has priority and entitled to receive payments ahead of other creditors from the same debtor. … [Read more...] about PREFERRED CREDITOR

In logic. That which is said concerning the subject In a logical proposition; as, "The law is the perfection of common sense." "Perfection of common sense," being affirmed concerning the law, (the subject) is the predicate or thing predicated. Wharton; Bourland v. Hildreth, 26 Cal. 232. … [Read more...] about PREDICATE