general assignment

Assignment of a debtor’s property for the benefit of all the assignor’s creditors, instead of only a few.

— Also termed voluntary assignment. See ASSIGNMENT FOR THE BENEFIT OF CREDITORS. [Cases: Debtor and Creditor 1. C.J.S. Assignments for Benefit of Creditors §§ 2, 4; Creditor and Debtor §§ 2–3.]

---

词条贡献者

译者Lorna，毕业于国内一流的法学院，擅长翻译各种与商业秘密相关的法律文件。