Examlex
Scores that have been converted from one scale to another to have a particular mean and standard deviation are called:
Priority Claims
Claims in bankruptcy that are given precedence over other debts, often due to their importance like wage or tax claims.
Secured Creditors
Creditors who have a legal interest, or lien, in the debtor's assets or property as collateral for the debt, giving them a higher priority over unsecured creditors in case of default.
Preferential Payment
A payment made to a creditor before others in the context of bankruptcy, which often must be paid back if found to unfairly favor one creditor over others.
Bankruptcy Petition
A formal request filed by an individual or corporation declaring inability to pay debts, seeking relief through bankruptcy court.
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