anti-deprivation principle
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
The rule invalidating arrangements designed to strip assets from an insolvent party's estate on bankruptcy.
The forfeiture-on-insolvency clause offends the anti-deprivation principle and won't bind the liquidator.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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