preferential payment
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 274 U.S. 117 - New York Dock Co v. The Poznan · 1927Most cited · 316 citing opinions
Such preferential payments are mere incidents to the judicial administration of a fund. They are not to be explained in terms of equitable liens in the technical sense, as is the case with agreements that particular property shall be applied as security for the satisfaction of particular obligations or vendors' liens and the like, which are enforced by plenary suits in equity. They result rather from the self-imposed duty of the court, in the exercise of its accustomed jurisdiction, to require that expenses which have contributed either to the preservation or creation of the fund in its custody shall be paid before a general distribution among those entitled to receive it.
How often courts cite the case defining “preferential payment”
Court decisions citing the opinion that defined “preferential payment” — 309 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.