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]\
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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
