Assignment For Benefit Of Creditors

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Definition: Assignment For Benefit Of Creditors

Assignment For Benefit Of Creditors
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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.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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.
January 18, 2022 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: January 18, 2022).
American Psychological Association (APA):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Retrieved January 18, 2022
, 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.