insider preference

noun

: a transfer of property by a debtor in bankruptcy to an insider made more than ninety days prior to but within one year of the bankruptcy petition

Dictionary Entries Near insider preference

Cite this Entry

“Insider preference.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/insider%20preference. Accessed 26 Apr. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!