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The World Law Dictionary Project

English may be the common language of the world, but the Common Law is not the common law of the world

That’s why, in a unique project, TransLegal has teamed up with leading law schools from around the world to create an online multilingual law dictionary linking the world’s legal languages to a single English law dictionary.

e.g. principle, consideration, jurisdiction
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preferential debt payment phrase

a debt payment made to a creditor within a defined statutory period before a debtor files for bankruptcy. Preferential debt payments give the creditor more than the creditor would receive in a bankruptcy proceeding. In some jurisdictions, eg the US, such payments are illegal.
The trustee may be able to get back any preferential debt payments made to a creditor just prior to the bankruptcy proceeding.

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jurisdiction consideration principal


Phrase Bank

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