Assignment for benefit of creditors

Dictionary: 
Ballentine's Law Dictionary

A transfer of his property by a debtor to another for administration and distribution to his creditors. See 133 111. 45, 24 N. E. 74.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary