preferred

preferred
I (favored) adjective adopted, approved, choice, chosen, decided upon, elected, endorsed, especially liked, fancied, favorite, handpicked, liked, picked out, preferable, preferential, selected, set apart, settled upon, singled out, special, taken II (given priority) adjective first, given preference, having priority, having seniority, placed in advance, preceding, prior associated concepts: preferred stock, voidable preference III index popular, preferable, preferential, select, superior (excellent)

Burton's Legal Thesaurus. . 2006


preferred
Under section 239 of the Insolvency Act 1986, a preference arises where within six months (or two years where the creditor is a connected person) of an insolvent liquidation one or more of the company's creditors has been put in a better position than he would have been in as a result of the insolvency. In such cases the liquidator or receiver may set it aside where a desire to give a preference is demonstrated - this is assumed in the case of a connected person.

Easyform Glossary of Law Terms. — UK law terms.


preferred
adj.
Favored; receiving better treatment than other similar people or objects.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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