surrender of a preference


surrender of a preference
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. The word as generally defined may denott either compelled or voluntary action. Keppel v. Bank, 197 U.S. 356, 25 S.Ct. 443, 49 L.Ed. 790.
See Bankruptcy Code, No. 547

Black's law dictionary. . 1990.

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