Antecedent transaction
A transaction entered into before insolvency that may later be reviewed, challenged or reversed under insolvency law.
Related terms
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Transaction at an undervalue
A transfer, gift or transaction where an insolvent person or company receives significantly less value than it gives, potentially allowing the transaction to be challenged.
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Preferential payment
A payment or transaction favouring one creditor over others. In insolvency, some such transactions may be investigated and challenged as preferences.
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Asset dissipation
The reduction, transfer or disposal of assets in a way that diminishes what may be available to creditors. Transactions can be challenged if they breach legal duties.
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