- marshalling assets
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n.Arranging assets into the order in which they will be used to pay debts.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
marshalling assets
Look at other dictionaries:
marshalling assets — Also known as marshalling assets and securities, marshalling of liens or marshalling of remedies, it is an equitable doctrine requiring a senior creditor, having two funds to satisfy his debt, to resort first to the one fund which is not subject… … Black's law dictionary
marshalling assets — Also known as marshalling assets and securities, marshalling of liens or marshalling of remedies, it is an equitable doctrine requiring a senior creditor, having two funds to satisfy his debt, to resort first to the one fund which is not subject… … Black's law dictionary
assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… … Black's law dictionary
assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… … Black's law dictionary
marshalling — the principle that where two or more creditors seek payment from the assets of the same debtor where one creditor can claim against one source of assets and another can claim against two sources, the creditor with the two sources may be required… … Law dictionary
Doctrine of marshalling — Marshalling is a common law equity concept applied in the context of lending. Suppose there are two creditors and one borrower. Creditor A has the right to resort to two pieces of security interest of the borrower and creditor B only has access… … Wikipedia
Marshaling of assets — Marshaling Mar shal*ing, n. [Written also marshalling.] [1913 Webster] 1. The act of arranging in due order. [1913 Webster] 2. (Her.) The arrangement of an escutcheon to exhibit the alliances of the owner. [1913 Webster] {Marshaling of assets}… … The Collaborative International Dictionary of English
Conservatorship — is a legal concept in the United States of America, where an entity or organization is subjected to the legal control of an external entity or organization, known as a conservator. Conservatorship is established either by court order (with… … Wikipedia
pari passu — share and share alike , a term used in several contexts but especially in relation to the rights and ranking of creditors of an insolvent estate; it denotes an entitlement to payment of their debts in shares proportionate to their respective… … Law dictionary
securities — Stocks, bonds, notes, convertible debentures, warrants, or other documents that represent a share in a company or a debt owed by a company or government entity. Evidences of obligations to pay money or of rights to participate in earnings and… … Black's law dictionary
