preferential assignment

preferential assignment
An assignment for the benefit of creditors wherein the assignor gives a preference to certain of his creditors. 6 Am J2d Assign for Crs § 69. Broadly, any assignment which prefers one creditor over another. See voidable preference.

Ballentine's law dictionary. . 1998.

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  • preferential assignment — An assignment of property for the benefit of creditors, made by an insolvent debtor, in which it is directed that a preference (right to be paid first in full) shall be given to a creditor or creditors therein named over other creditors. Such… …   Black's law dictionary

  • assignment — A transfer or setting over of property, or of some right or interest therein, from one person to another, and unless in some way qualified, the transfer of one s whole interest in an estate, chattel, or other thing. 6 Am J2d Assign § 1. The word… …   Ballentine'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 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 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

  • preferential transfer — See preference preferential assignment …   Black's law dictionary

  • Preferential bidding system — Preferential bidding is a method of solving transport workforce schedules consisting of specific flights and certain qualified crewmembers, or pairings , while allowing those crewmembers to request periodic work schedules using weighted… …   Wikipedia

  • constructive assignment — An assignment for the benefit of creditors arising by operation of law, as where a preferential or fraudulent transfer is converted by statute into an assignment for the benefit of creditors. 6 Am J2d Assign for Crs § 47 …   Ballentine's law dictionary

  • involuntary assignment — An assignment by operation of law, for example, the passing of a decedent s choses in action to the executor or administrator of his estate. 6 Am J2d Assign § 2. The transfer of the choses in action of a bankrupt to the trustee in bankruptcy. An… …   Ballentine's law dictionary

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