Assignment with preferences
Defined in 1 dictionary — Black's (1910)
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
An assignment for the benefit of creditors, with directions to the assignee to prefer a specified creditor or class of creditors, by paying their clnims in full before the others receive any dividend, or in some other manner. More usually termed a "preferential assignment."
Defined under Assignment in Black's Law Dictionary.