RANKING OF CREDITORS
\ɹˈaŋkɪŋ ɒv kɹˈɛdɪtəz], \ɹˈaŋkɪŋ ɒv kɹˈɛdɪtəz], \ɹ_ˈa_ŋ_k_ɪ_ŋ ɒ_v k_ɹ_ˈɛ_d_ɪ_t_ə_z]\
Definitions of RANKING OF CREDITORS
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Is the Scotch term for the arrangement of the property of a debtor according to the claims of the creditors, in consequence of the nature of their respective securities. Bell. The corresponding process in England is the marshalling of securities in a suit or action for redemption or foreclosure. Paterson.
By Henry Campbell Black
Word of the day
- in which atheromatous excised cutting or rotating catheter. differs from balloon and laser angioplasty procedures enlarge vessels dilation but frequently do not remove much plaque. If the plaque is removed by surgical excision under general anesthesia rather than an endovascular procedure through a catheter, it called ENDARTERECTOMY.