Services & Resources Legal Dictionary
 

Search Legal Terms and Definitions

Browse:  A B C D E F G H I J K L M N O P Q R S T U V W Y Z
     
Enter a Legal Term

Search the Definitions

SELECT A WORD TO VIEW THE COMPLETE DEFINITION:
assignment
n. the act of transferring an interest in property or some right (such as contract benefits) to another. It is used commonly by lawyers, accountants, business people, title companies and others dealing with property.
assignment for benefit of creditors
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.



The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications