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Commandery

Commandery, a manor or chief messuage with lands and tenements thereto appertaining, which belonged to the priority of St. John of Jerusalem, in England; he who had the government of such a manor or house

Chose

assignor would have been entitled to claim such debt, etc., is effectual in law (subject to equities having priority over the right of the assignee) to pass and transfer from the date of such notice (a) the

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,

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Precedence

Precedence, denotes the ceremonial order or priority to be observed on formal occasion; or a sight to preferential treatment, S.C. Advocates-on-Records Asson. v. Union of

Seniority-cum-merit

given the minimum necessary merit requisite for efficiency of administration, the senior though the less meritorious shall have priority. This will not violate Arts. 14, 16(1) and 16(2). State of Kerala v. N.M. Thomas, AIR 1976 SC

Preferred

to try to proceed with. Thus, preferring an indictment signifies prosecuting or trying an indictment. To give advantage, priority, or privilege; to select for first payment, as to prefer one creditor over others. Thus it may mean

Retainer of debts

debt out of the legal or equitable [(English) Administration of Estates Act, 1925, s. 34 (2)] assets in priority to all other creditors of equal degree, and before the costs of all parties, including the plaintiff (see

Specialty debts

Wm. 4, c. 42); they formerly ranked in the administration of the estate of a deceased person in priority to simple contract debts; but this distinction was abolished by the Administration of Estates Act, 1869, 'Hinde Palmer's

Simple contract

of a deceased person, postponed to debts secured by instrument under seal, called 'specialty debts,' but all such priority was abolished by the Administration of Estates Act, 1869, s. 1, replaced by A.E. Act, 1925, s. 32.

Administrator

to be made by an applicant is so worded as to clear off any person possibly entitled in priority to a Grant and to show the capacity in which the proposed Administration applies. Means a person appointed

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