Ballentine's law dictionary. Anderson, W.S.. 1998.
general assignment for benefit of creditors — A transfer of legal and equitable title to all debtor s property to trustee, with authority to liquidate debtor s affairs and distribute proceeds equitably to creditors. Central Fibre Products Co. v. Hardin, C.C.A.Tex., 82 F.2d 692, 694. See also … Black's law dictionary
general assignment for benefit of creditors — A transfer of legal and equitable title to all debtor s property to trustee, with authority to liquidate debtor s affairs and distribute proceeds equitably to creditors. Central Fibre Products Co. v. Hardin, C.C.A.Tex., 82 F.2d 692, 694. See also … 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
general assignment — As an act of bankruptcy: any conveyance at common law or by statute by which one intends to make an absolute and unconditional appropriation of all his property to pay his creditors, share and share alike. Anno: 57 ALR 859. See general assignment … Ballentine's law dictionary
General assignment — A general assignment is a concept in bankruptcy law that has different meanings in different jurisdictions. * In the United states, a general assignment is simply a contract whereby the insolvent entity ( Assignor ) transfers legal and equitable… … Wikipedia
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
general assignment — An assignment made for the benefit of all the assignor s creditors, instead of a few only; or one which transfers the whole of his estate to the assignee, instead of a part only … Black's law dictionary
general assignment — An assignment made for the benefit of all the assignor s creditors, instead of a few only; or one which transfers the whole of his estate to the assignee, instead of a part only … Black's law dictionary
general assignment — noun : an assignment of all one s property not exempt by law for the benefit of all one s creditors with only such preferences as may be allowed … Useful english dictionary
