Words / P / Law

pre-pack

noun/ˈpriːpæk/

C1CEFR level
80/100Rarity: very rare
TechnicalRegister

An insolvency sale negotiated in full beforehand and executed the moment the administrator is appointed.

The buyer wanted a pre-pack so the brand would reopen on Monday without customers ever noticing the administration.

Similar: pre-packaged administration

Topic: Insolvency & restructuring in Legal English

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.

Get words like pre-pack on your lock screen, a few a day, with review that makes them stick.

Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
QR code that opens Lexfall on the App Store
On a computer?Scan with your iPhone camera.

More law words: Insolvency & restructuring