TERMIUM Plus®

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FRAUDULENT PREFERENCE [1 record]

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Record 1 1998-11-05

English

Subject field(s)
  • Bankruptcy
  • Marketing
DEF

A transfer of money, property or chattels made by a person to another (a creditor) with the aim of giving that creditor preferential treatment. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

CONT

A fraudulent preference is, in essence, a transfer of property by a debtor to a creditor with the intent that the creditor who receives it will be in a position to use it to satisfy obligations owed him.

French

Domaine(s)
  • Faillites
  • Commercialisation
CONT

Le paiement préférentiel vise toute forme de paiement ou de transfert de biens de même que tout mode de création d'obligation par lequel une personne insolvable donne une préférence à l'un de ses créanciers dans un certain délai avant la faillite et avec l'intention de donner une préférence à ce créancier.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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