preference or preferred creditors
preference or preferred creditors
Those creditors, in the Bankruptcy and insolvency Act specified in Section 136, that rank ahead of ordinary or unsecured creditors. Some preferred creditors are employees for wages, and a landlord for some specified rental arrears. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • preferred — I (favored) adjective adopted, approved, choice, chosen, decided upon, elected, endorsed, especially liked, fancied, favorite, handpicked, liked, picked out, preferable, preferential, selected, set apart, settled upon, singled out, special, taken …   Law dictionary

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