Glossary entry (derived from question below)
Nederlands term or phrase:
crediteurbegunstiging
Engels translation:
Nomination as preferential/preferred creditor
Added to glossary by
jarry (X)
May 7, 2008 07:46
16 yrs ago
1 viewer *
Nederlands term
crediteurbegunstiging
Nederlands naar Engels
Zakelijk / financieel
Financieel-economisch (algemeen)
"verklaring i.v.m. inpandgeving en crediteurbegunstiging"
Proposed translations
(Engels)
4 +1 | Nomination as preferential/preferred creditor | jarry (X) |
3 | creditor payment/accreditation | Suzanne Jansen |
Change log
May 7, 2008 12:44: jarry (X) Created KOG entry
Proposed translations
+1
2 uren
Selected
Nomination as preferential/preferred creditor
http://en.wikipedia.org/wiki/Preferred_creditor
A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor who receives a preferential right to payment upon the debtor's bankruptcy under applicable insolvency laws.
In most legal systems, some creditors are given priority over ordinary creditors, either for the whole amount of their claims or up to a certain value. In some legal systems, preferential creditors take priority over all other creditors, including creditors holding security, but more commonly the preferential creditors are only given priority over unsecured creditors[citation needed]. Some legal systems operate a hybrid approach; in the United Kingdom preferential creditors have priority over secured creditors whose security is in the nature of a floating charge, but creditors with fixed security take ahead of the preferential creditors generally.
[edit] Classes of preferred creditors
Creditors who are characteristically preferred creditors are:
employees
revenue authorities
in some countries, environmental clean-up costs
in some countries, tort victims[1]
In the United Kingdom employees are preferential creditors for their wages (subject to a statutory limit), as are occupational pension schemes. The right of the Crown as a preferential creditor was removed by the Enterprise Act 2002
A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor who receives a preferential right to payment upon the debtor's bankruptcy under applicable insolvency laws.
In most legal systems, some creditors are given priority over ordinary creditors, either for the whole amount of their claims or up to a certain value. In some legal systems, preferential creditors take priority over all other creditors, including creditors holding security, but more commonly the preferential creditors are only given priority over unsecured creditors[citation needed]. Some legal systems operate a hybrid approach; in the United Kingdom preferential creditors have priority over secured creditors whose security is in the nature of a floating charge, but creditors with fixed security take ahead of the preferential creditors generally.
[edit] Classes of preferred creditors
Creditors who are characteristically preferred creditors are:
employees
revenue authorities
in some countries, environmental clean-up costs
in some countries, tort victims[1]
In the United Kingdom employees are preferential creditors for their wages (subject to a statutory limit), as are occupational pension schemes. The right of the Crown as a preferential creditor was removed by the Enterprise Act 2002
4 KudoZ points awarded for this answer.
Comment: "That's it! Thanks Jarry."
2 uren
creditor payment/accreditation
My hunch is it's something along these lines, but you'll need to see how it fits in the context. I wonder what other people think?
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