Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,920,935,324 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Priority of Satisfaction of Claims

    0.01 sec.
Priority of Satisfaction of Claims 

under Soviet law, the legally established order in which payments are made when the debtor does not have sufficient monetary resources to satisfy all the demands of the creditors. Demands are divided into five groups, or orders, and the demands of creditors in each successive group are satisfied after the demands of the preceding group have been fully met. If monetary resources are insufficient to satisfy the demands of a group, payment is made in proportion to the amount awarded to each creditor. The priority of satisfaction of claims against the accounts of enterprises and organizations at credit institutions is determined by USSR law, and the priority of satisfaction of claims during execution of court decisions in civil cases is established by the civil procedural codes of the Union republics. Claims of the first order include alimony, wages, compensation for harm caused by injury or death, and social insurance payments.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?   Encyclopedia browser?   Full browser?
No references found
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.