Usually means: Transfer of assets to creditors.
Definitions Related words Mentions
We found 3 dictionaries that define the word assignment for the benefit of creditors:

General (1 matching dictionary)
  1. assignment for the benefit of creditors: Dictionary.com

Business (2 matching dictionaries)
  1. assignment for the benefit of creditors: Merriam-Webster Legal Dictionary
  2. Glossary of Legal Terms (No longer online)



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