crown preference
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
The priority the revenue enjoys over ordinary unsecured creditors in a debtor's insolvency.
The reintroduction of crown preference pushed the bank's floating charge further down the waterfall.
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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