Accrued Holiday remuneration becoming payable to any workman is treated as ________________________

Name: Accrued Holiday remuneration becoming payable to any workman is treated as ________________________
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Question

Quizplus · Accepted Answer

Accrued holiday remuneration becoming payable to any workman is treated as over-riding preferential creditors. This classification ensures that such claims have a higher priority in the event of a company's liquidation, ranking above most other debts.

Accrued Holiday Remuneration Becoming Payable to Any Workman Is Treated