☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Preference (Bankruptcy)

A pre-filing transfer to a creditor that gives it more than it would receive in liquidation. May be avoided by the bankruptcy trustee.

Etymology: Latin 'praeferre' (to carry before, prefer) · Category: Bankruptcy Law · Source: 11 U.S.C. § 547
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