单词 | privileged debt |
释义 | > as lemmasprivileged debt privileged debt n. a debt which has a prior claim to satisfaction. ΚΠ 1682 in M. P. Brown Suppl. Dict. Decisions Court of Session (1826) II. 25 The expenses of funerals, mournings, entertainment of the family to the first term after the defunct's death, the relict's lying in, and baptism of a posthume child, are all privileged debts. 1728 E. Chambers Cycl. at Debt Privileged Debt, is that which must be satisfied before all others; As, the King's Tax, &c. 1838 W. Bell Dict. Law Scotl. Privileged Debts are those which humanity has rendered preferable on the funds of a deceased person, and which an executor may pay without decree; as, 1. Sickbed and funeral expenses... 2. Mournings for the widow [etc.]. 3. A year's rent of the house, and servants' wages since the last term. 1900 Times 6 July 3/5 A further £50,000 would have to be raised to provide for a mortgage and certain privileged debts. 2003 Business Credit (Nexis) 1 May 63 In accordance with Article 1557, debts afforded a preference include privileged debts, security interests and mortgages. < as lemmas |
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