general assignment

general assignment
An assignment made for the benefit of all the assignor's creditors, instead of a few only; or one which transfers the whole of his estate to the assignee, instead of a part only.

Black's law dictionary. . 1990.

Look at other dictionaries:

  • general assignment — see assignment Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • General assignment — A general assignment is a concept in bankruptcy law that has different meanings in different jurisdictions. * In the United states, a general assignment is simply a contract whereby the insolvent entity ( Assignor ) transfers legal and equitable… …   Wikipedia

  • general assignment — As an act of bankruptcy: any conveyance at common law or by statute by which one intends to make an absolute and unconditional appropriation of all his property to pay his creditors, share and share alike. Anno: 57 ALR 859. See general assignment …   Ballentine's law dictionary

  • general assignment — noun : an assignment of all one s property not exempt by law for the benefit of all one s creditors with only such preferences as may be allowed …   Useful english dictionary

  • general assignment for benefit of creditors — A transfer of legal and equitable title to all debtor s property to trustee, with authority to liquidate debtor s affairs and distribute proceeds equitably to creditors. Central Fibre Products Co. v. Hardin, C.C.A.Tex., 82 F.2d 692, 694. See also …   Black's law dictionary

  • general assignment of error — An assignment of error on appeal which does not clearly indicate the particular rulings of which complaint is made by appellant. 5 Am J2d A & E § 670 …   Ballentine's law dictionary

  • general assignment for benefit of creditors — A conveyance by a debtor without consideration from the grantee of substantially all his property to a party in trust to collect the amount owing to him, to sell and convey the property, to distribute the proceeds of all the property among his… …   Ballentine's law dictionary

  • assignment — as·sign·ment n 1: the act of assigning 2 a: a position, post, or office to which one is assigned b: a task assigned 3: a present transfer of property or rights absolute assignment: an assignment in which the transfer is complete and leaves the… …   Law dictionary

  • general — gen·er·al / jen rəl, je nə / adj 1: involving, applicable to, or affecting the whole 2: involving, relating to, or applicable to every member of a class, kind, or group 3: not confined by specialization or limitation 4: relating to, determined by …   Law dictionary

  • assignment — A transfer or setting over of property, or of some right or interest therein, from one person to another, and unless in some way qualified, the transfer of one s whole interest in an estate, chattel, or other thing. 6 Am J2d Assign § 1. The word… …   Ballentine's law dictionary

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