Preferred claim definition

Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.

Preferred claim means any claim with respect to which the law of the state or of the United States accords priority of payments from the general assets of the insurer.

Preferred claim means any claim with respect to which the

Examples of Preferred claim in a sentence

• If a collecting bank, paying bank, or returning bank receives settlement from a subsequent bank for a check or returned check, which settlement is or becomes final, and suspends payments without making a settlement for the check with the prior bank, which is or becomes final, the prior bank has a claim against the collecting bank or returning bank.(c) Preferred claim against presenting bank for breach of warranty.

• Preferred claim against payor bank by owner of unsettled item.--If a payor bank finally pays an item and suspends payments without making a settlement for the item with its customer or the presenting bank which settlement is or becomes final, the owner of the item has preferred claim against the payor bank.

• An examination of the numbers recorded for each species in the Forest Reserve revealed that, Broussonettia papaverifera (117), Chromolaena odorata (118), Antiaris toxicaria (66) and Bidens pilosa (70) were abundant while most of the species encountered here were occasional or rare.

• Plant species noted during the November 2019 site visit included coconut palms, pandanus, swamp taro and breadfruit.

• Preferred claim" means any claim [which] that the law gives priority of payment from the general assets of the insurer.

More Definitions of Preferred claim

Preferred claim means any claim accorded priority of payment from the insurer's general assets under applicable law.

Preferred claim means any claim with respect to which the law accords priority of payment from the general assets of the insurer.

Preferred claim means any claim with respect to which the terms of sections 3903.01 to 3903.59 of the Revised Code accord priority of payment from the assets of the insurer.

Preferred claim means a Claim enumerated in Section 136(1) of the BIA outstanding as at the Filing Date against the Company, if any, the payment of which will be made in priority to distributions in respect of Affected Creditor Claims;

Preferred claim means any claim with respect to which the terms of this

Preferred claim means a claim that receives priority of payment from the general assets of the insurer under this chapter.

Preferred claim means any claim with respect to which the law accords