/prɛˈfɛrənʃəl ˈtrænsfər/ – Phrase
Definition: việc chuyển nhượng tài sản hoặc quyền lợi một cách ưu tiên so với các chủ nợ khác trong trường hợp pháp lý.
A more thorough explanation: transfers or payments made to creditors by bankrupt debtors (=debtors who do not have assets to pay debts on time) to the benefit of one or more creditors or others during the months before filing for bankruptcy
Example: The 3rd circuit held that the contemporaneous exchange defense to a preferential transfer applies even when payment is made in the context of a credit agreement.