/prɛˈfɛrənʃəl dɛt ˈpeɪmənt/ – Phrase
Definition: Thanh toán nợ ưu tiên
A more thorough explanation: 1. a debt payment made to a creditor within a defined statutory period before a debtor files for bankruptcy. Preferential debt payments give the creditor more than the creditor would receive in a bankruptcy proceeding. In some jurisdictions, eg the US, such payments are illegal.
2. payment of an unsecured debt that in some jurisdictions must be paid before all other unsecured debts
Example: 1. The trustee may be able to get back any preferential debt payments made to a creditor just prior to the bankruptcy proceeding.
2. The SEA Group proposed a settlement with Alitalia for the payment of preferential debt to the Group of €19. 3 million.