PREFERENTIAL RULE

preferential rule. Evidence. A rule that prefers one kind of evidence to another. • It may work provisionally, as when a tribunal refuses to consider one kind of evidence until another kind (presumably better) is shown to be unavailable, or it may work absolutely, as when the tribunal refuses to consider anything but the better…

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PREFERENCE

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…

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