Surrender Of A Preference
Defined in 2 dictionaries — Bouvier (1914), Black's (1910)
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
The surrender by a preferred creditor, to the assignee in bankruptcy, of all that he has received under such preference, as a necessary step, under the bankrupt law, to obtaining a dividendvof the estate. In re Richter’s Estate, 1 Dill. 544, Fed. Cas. No. 11,803. The word “as generally defined may denote either compelled or voluntary action”; Keppel v. Bank, 197 U. S. 356, 25 Sup. Ct. 443, 49 L. Ed. 790. In Bankruptcy Act 1898, § 57g, providing that creditors must surrender preferences before having claims allowed, “it
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
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.
Defined under Surrender in Black's Law Dictionary.