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PRELEVEMENT

Categories: Property

Definition (1910 Edition)

Origin: French

Fr. In French law. A preliminary deduction; particularly, the portion or share which one member of a firm ts entitled to fake out of the partnership assets before a division of the property is made between the partners.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.