Assignment For Benefit Of Creditors

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Assignment For Benefit Of Creditors

Definition: Assignment For Benefit Of Creditors

Cite Term
Sources
Related Phrases

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

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. March 08, 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: March 08, 2021).
American Psychological Association (APA):
Assignment For Benefit Of Creditors. PayrollHeaven.com. Retrieved March 08, 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.