MLchartDataset catalogue

Preference

Term · Law · MLC-T-LAW-003842

A right or advantage given to one party over others, particularly in legal contexts such as bankruptcy or inheritance. This can involve a creditor receiving payment before others or an heir receiving a larger share of an estate. In bankruptcy proceedings, certain creditors, like secured creditors, hold a statutory preference.

Table 1. Record
IdentifierMLC-T-LAW-003842
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003842",
  "term": "Preference",
  "field": "Law",
  "definition": "A right or advantage given to one party over others, particularly in legal contexts such as bankruptcy or inheritance. This can involve a creditor receiving payment before others or an heir receiving a larger share of an estate. In bankruptcy proceedings, certain creditors, like secured creditors, hold a statutory preference.",
  "url": "https://mlchart.com/terminology/law/preference/"
}

Record 3,871 of 5,445 in Law terminology (MLC-0107). Request the full dataset.