Assignment For Benefit Of Creditors

Business, Legal & Accounting Glossary

Definition: Assignment For Benefit Of Creditors



What is the dictionary definition of Assignment For Benefit Of Creditors?

Dictionary Definition


n. a method used for a debtor to work out a payment schedule to his/her creditors through a trustee who receives directly a portion of the debtor’s income on a regular basis to pay the debtor’s bills.


Cite Term


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Page URL
https://payrollheaven.com/define/assignment-for-benefit-of-creditors/
Modern Language Association (MLA):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 03, 2020 https://payrollheaven.com/define/assignment-for-benefit-of-creditors/.
Chicago Manual of Style (CMS):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/assignment-for-benefit-of-creditors/ (accessed: December 03, 2020).
American Psychological Association (APA):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Retrieved December 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/assignment-for-benefit-of-creditors/

Definition Sources


Definitions for Assignment For Benefit Of Creditors are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.