privileged debt

noun

A debt to which a preference in payment is given out of the estate of a deceased or insolvent person.

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Meanings

nounprivileged debt (plural privileged debts)

plural privileged debts

  1. businessA debt to which a preference in payment is given out of the estate of a deceased or insolvent person.
Cite this entry
APA

privileged debt. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/privileged%20debt

MLA

“privileged debt.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/privileged%20debt. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “privileged debt,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/privileged%20debt.

Source: privileged debt on Wiktionary, CC BY-SA 4.0.