Antecedent Debt - Law Dictionary Search Results
Antecedent debt
Matched in: Term Antecedent debt
antecedent debt
Matched in: Term antecedent debt
debt
Matched in: Term debt
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preference
creditor more than the creditor would otherwise receive (as under a bankruptcy settlement) called also voidable preference compare antecedent debt at debt, fraudulent conveyance general assignment at assignment NOTE: Preferences can be voided by a bankruptcy trustee because
Benefit of discussion
Benefit of discussion, is that whereby the antecedent heir, such as the heir of line in a pursuit against the heir of tailzie, etc., must be … against the heir of tailzie, etc., must be first pursued to fulfil the defunct's deeds and pay his debts. This benefit is likewise competent in many cases to cautioners, Scots Law. A guarantor's right to require a
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