Examples of Preferred claim in a sentence
If a collecting bank, paying bank, or returning bank receives settlement from a subsequent bank for a check or returned check, which settlement is or becomes final, and suspends payments without making a settlement for the check with the prior bank, which is or becomes final, the prior bank has a claim against the collecting bank or returning bank.(c) Preferred claim against presenting bank for breach of warranty.
Preferred claim against payor bank by owner of unsettled item.--If a payor bank finally pays an item and suspends payments without making a settlement for the item with its customer or the presenting bank which settlement is or becomes final, the owner of the item has preferred claim against the payor bank.
Preferred claim" means any claim with respect to which the terms of IC 27-9 accord priority of payment from the general assets of the insurer.
According to the 2017- 18 Pakistan Demographic and Health Survey (PDHS), approximately 29% of women experienced physical or sexual violence: 23% experienced only physical violence, 1% experienced only sexual violence, and 5% experienced both physical and sexual violence.
Poverty has the power to destroy lives and break families apart, isolates people from friends and family, shatters confidence and self-respect.