Search Results for: earmarking doctrine

earmarking doctrine

glossary /

Bankruptcy. An equitable principle that when a new lender makes a loan to enable a debtor to pay off a specified creditor, the funds are specifically set aside for that creditor so that, if the debtor lacks control over the disposition of the funds, they do not become part of the debtor’s estate and thus […]

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earmark

glossary /

earmark, n. 1. Originally, a mark upon the ear — a mode of marking sheep and other animals. [Cases: Animals 5. C.J.S. Animals § 15.] “When now-a-days we say that ‘money has no ear-mark,’ we are alluding to a practice which in all probability played a large part in ancient law. Cattle were ear-marked or

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