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Surrender of a preference

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

In bankruptcy practice. The surrender to the assignee in bankruptcy, by a preferred creditor, of anything he may have received under his preference and any advantage it gives him, which he must do before he can share in the dividend.

In re Richter's Estate, 1 Dill. 544, Fed. Cas. No. 11,803.