preferential transfer
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 229 U.S. 435 - Continental & Commercial Trust & Savings Bank v. Chicago Title & Trust Co. · 1913Most cited · 293 citing opinions
To constitute a preferential transfer within the meaning of the bankruptcy act there must be a parting with the bankrupt's property for the benefit of the creditor, and a consequent diminution of the bankrupt's estate.