A creditor with a superior right to payment, such as a holder of a perfected security interest as compared to a holder of an unsecured claim. [Cases: Secured Transactions 138–140, 168. C.J.S. Secured Transactions §§ 88, 90–92, 106–107, 119–124.]
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preferred creditor 优先债权人 其债权可优先于其他债权人的债权得到清偿，如设定有担保的债权人。
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A creditor whose claim is subordinate to a preferred creditor’s.
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vis-à-vis (veez-[schwa]-vee). [French “face to face”] In relation to; opposite to (the creditor established a preferred position vis-à-vis the other creditors).
Hist. Corporate stock that guarantees investors an annual dividend and gives them creditor status to the extent that dividends have become payable. • In contrast, preferred-stock holders’ claims for dividends payable are secondary to creditors’ claims. Special stock was statutorily authorized only in Massachusetts.
prefer, vb. 1. To put forward or present for consideration; esp. (of a grand jury), to bring (a charge or indictment) against a criminal suspect (the defendant claimed he was innocent of the charges preferred against him). 2. To give priority to, such as to one creditor over another (the statute prefers creditors who are
preference. 1. The act of favoring one person or thing over another; the person or thing so favored. 2. Priority of payment given to one or more creditors by a debtor; a creditor’s right to receive such priority. 3. Bankruptcy. PREFERENTIAL TRANSFER. insider preference. A transfer of property by a bankruptcy debtor to an insider
A portion of a decedent’s estate set aside by statute for a surviving spouse, regardless of any testamentary disposition or competing claims. • This allowance is superior to the claims of general creditors. In some states, it is even preferred to the expenses of administration, funeral, and last illness of the spouse. — Also termed