Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
marshallingthe principle that where two or more creditors seek payment from the assets of the same debtor where one creditor can claim against one source of assets and another can claim against two sources, the creditor with the two sources maybe required to seek satisfaction from the source that the other creditor cannot claim against. It applies as between creditors, beneficiaries and legatees.
Collins Dictionary of Law © W.J. Stewart, 2006