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01:11 Jan 22, 2002
Spanish to English translations [PRO] Law/Patents
Spanish term or phrase:preferente
in this phrase: "..títulos de crédito, incluyendo aquellos garantizados en forma real o preferente."
"Crédito preferente" means that for some reason the creditor is entitled to be payed first. For instance, in Argentine law, if a company goes bankrupt, employees are "acreedores preferidos" , that is, they are payed first, and the remaining money goes to other creditors.