The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SURRENDER OF A PREFERENCE Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

This means to give up a lien or an assignment of a creditor to trustee in a case of bankruptcy that makes the creditor’s claim allowable.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.