surrender of preference

surrender of preference
The yielding by the creditor of a bankrupt to the trustee in bankruptcy of a conveyance, assignment, lien, transfer, or encumbrance, which is void or voidable under the Bankruptcy Act, as a condition of the allowance of the claim of such creditor. 9 Am J2d Bankr § 485.

Ballentine's law dictionary. . 1998.

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