- assignment for the benefit of creditors
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assignment for the benefit of creditors see assignment
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
assignment for the benefit of creditors
Look at other dictionaries:
assignment for the benefit of creditors — An assignment and transfer by a debtor, without consideration paid by the grantee, of substantially all the assignor s property, corporeal and incorporeal, to a person in trust to collect the amounts owing on obligations due the assignor, to sell … Ballentine's law dictionary
assignee for the benefit of creditors — The person, firm or corporation to whom or to which an assignment for creditors is made. 6 Am J2d Assign for Crs § 89 … Ballentine's law dictionary
assignment — as·sign·ment n 1: the act of assigning 2 a: a position, post, or office to which one is assigned b: a task assigned 3: a present transfer of property or rights absolute assignment: an assignment in which the transfer is complete and leaves the… … Law dictionary
assignment for benefit of creditors — A voluntary transfer of a debtor s property into a trust to be used to pay creditors. The trustee collects any income owed the debtor, liquidates the debtor s property that has been transferred to the trust, and uses the money to pay the debtor s … Law dictionary
assignment with preferences — An assignment for the benefit of creditors, with directions to the assignee to prefer a specified creditor or class of creditors, by paying their claims in full before the others receive any dividend, or in some other manner. More usually termed… … Black's law dictionary
assignment with preferences — An assignment for the benefit of creditors, with directions to the assignee to prefer a specified creditor or class of creditors, by paying their claims in full before the others receive any dividend, or in some other manner. More usually termed… … Black's law dictionary
assignment for benefit of creditors — A general assignment for benefit of creditors is transfer of all or substantially all of debtor s property to another person in trust to collect any money owing to debtor, to sell property, to distribute the proceeds to his creditors and to… … Black's law dictionary
assignment for benefit of creditors — A general assignment for benefit of creditors is transfer of all or substantially all of debtor s property to another person in trust to collect any money owing to debtor, to sell property, to distribute the proceeds to his creditors and to… … Black's law dictionary
Assignment — As*sign ment, n. [LL. assignamentum: cf. OF. assenement.] 1. An allotting or an appointment to a particular person or use; or for a particular time, as of a cause or causes in court. [1913 Webster] 2. (Law) (a) A transfer of title or interest by… … The Collaborative International Dictionary of English
Assignment of dower — Assignment As*sign ment, n. [LL. assignamentum: cf. OF. assenement.] 1. An allotting or an appointment to a particular person or use; or for a particular time, as of a cause or causes in court. [1913 Webster] 2. (Law) (a) A transfer of title or… … The Collaborative International Dictionary of English
