Assignment For Benefit Of Creditors

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Definition: 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.

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https://payrollheaven.com/define/assignment-for-benefit-of-creditors/
Modern Language Association (MLA):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. June 18, 2021 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: June 18, 2021).
American Psychological Association (APA):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Retrieved June 18, 2021, 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.