Preferential - Law Dictionary Search Results
Home Dictionary Name: preferentialPreferential
Giving indicating or having a preference or precedence as a preferential claim preferential shares...
Preferential payments
Preferential payments, in bankruptcy, administra-tion of estates of persons dying insolvent, and winding up of a company:-One year's rates and taxes, four months' salaries of clerks up to fifty pounds, and two months' wages of labourers or workmen, up to twenty-five pounds (labourers in husbandry paid partly in a lump sum at the end of the year of hiring to have the whole or proportionate part of that sum). Also sums due under the Workmen's Compensation Acts, the National Insurance Acts (Health and Unemployment and Contributory Pensions). These debts rank equally between them unless the assets are insufficient, in which case they are to abate in equal proportions. By the (English) Bankruptcy Act, 1914 (see s. 34), the preference was extended to apprentices. See the (English) Bankruptcy Act, 1914, s. 33, and the (English) Companies Act, 1929, s. 264, by which these debts are directed to be paid in priority to all others; and by s. 264 (4) (b) of the Companies Act, 1929, these debts are ...
preference or preferential debt payment
preference or preferential debt payment A debt payment made to a creditor in the 90 Source: Administrative Office of the U.S. Courts ...
preferential
preferential 1 : of or constituting a preference [a transfer] 2 : giving preference to union members esp. in hiring [a shop] 3 : showing preference [these creditors may obtain treatment] ...
Preferential or preference shares or stock
Preferential or preference shares or stock, shares or stock in a company having priority as to payment of dividends of a fixed amount, and, in some cases, of capital upon a winding-up, over the ordinary shares. The dividends are usually contingent upon the profits of each year or half-year. In some cases, however, the arrears of dividend form an accumu-lating debt by the ordinary to the preference shareholders, the preference being in that case described as a 'non-contingent' or a 'xumulative' preference. And see DEFERRED STOCK....
Preferential voting
A system of voting as at primaries in which the voters are allowed to indicate on their ballots their preference usually their first and second choices between two or more candidates for an office so that if no candidate receives a majority of first choices the one receiving the greatest number of first and second choices together in nominated or elected...
Progressive party
The political party formed chiefly out of the Republican party by the adherents of Theodore Roosevelt in the presidential campaign of 1912 The name Progressive party was chosen at the meeting held on Aug 7 1912 when the candidates were nominated and the platform adopted It was also known as the Bull Moose Party Among the chief articles in the platform are those demanding direct primaries preferential primaries for presidential nominations direct election of United States senators womens suffrage and recall of judicial decisions in certain cases In 1924 the label was also adopted by the party supporting the presidential campaign of Robert M La Follette and in 1948 it was also adopted by the party of Henry Wallace The party is no longer 1998 considered a force in U S national politics...
Banking policy
Banking policy, means any policy means any policy which is specified from time to time by the Reserve Bank in the interest of the banking system or in the interest of monetary stability or sound economic growth, having due regard to the interests of the depositors, the volume of deposits and other resources of the bank and the need for equitable allocation and the efficient use of these deposits and resources. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (ca)]Means a debtor (as an individual or organization) whose property is subject to administration under the bankruptcy laws for the benefit of the debtor's creditors was adjudicated, Webster's Dictionary of Law, Indian Edn. (2005), p. 43.Means an individual who has been adjudged bankrupt and in relation to a bankruptcy order, it means the individual adjudged bankrupt by that order, Halsbury's Laws of England, Vol. 3(2), 4th Edn., Para 78, p. 48.Means a person who cannot meet current financial obligations, an insolvent person; Debt...
Bankrupt
Bankrupt [fr. bancus, or banque, the table or counter of a tradesman, and ruptus, Lat., broken, denoting thereby one whose shop or place of trade is broken or gone]. A debtor who does certain acts, tending to defeat or delay his creditors, may be adjudged bankrupt, and so made liable to the bankruptcy laws. Before the (English) Bankruptcy Act,1861 (24 & 25 Vict. c. 134), 'traders' only were liable to be made bankrupts, other insolvent debtors being dealt with by a succession of Relief of Insolvent Debtors Acts. See INSOLVENCY.Means a debtor (as an individual or organization) whose property is subject to administration under the bankruptcy laws for the benefit of the debtor's creditors was adjudicated, Webster's Dictionary of Law, Indian Edn. (2005), p. 43.Means an individual who has been adjudged bankrupt and in relation to a bankruptcy order, it means the individual adjudged bankrupt by that order, Halsbury's Laws of England, Vol. 3(2), 4th Edn., Para 78, p. 48.Means a person who cann...
Covent Garden Market
Covent Garden Market. For its regulation by the Covent Garden Market Act, 1828 (9 Geo. 4, c. 113), see Bedford (Duke of) v. Ellis, 1901 AC 1, in which the respondent and five other growers of fruit, etc., were held to have a locus standi to sue for infringement of preferential rights...
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