subsequent advance rule

subsequent-advance rule. Bankruptcy. The principle that a preferential transfer by the debtor will not be avoided or rescinded by the debtor’s bankruptcy trustee if (1) the creditor extended new value to the debtor after receiving the preferential transfer, (2) the new value is unsecured, and (3) the new value remains unpaid after its transfer. 11 USCA § 547(c)(4). [Cases: Bankruptcy 2613(4).]

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词条贡献者

资深译员Dan，毕业于美国顶尖的高级翻译学院，专注翻译各种与消费者集团诉讼有关的法律文件。