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general assignmentThe voluntary transfer, by a debtor, of all property to a trustee for the benefit of all of his or her creditors.
General assignment
Definition
: an assignment for the benefit of creditors of all of a debtor's property to be distributed fairly to the creditors
compare preference ...
In general the assignor can limit the operation of his assignment, and impose whatever condition he may think proper, but when he makes a general assignment in trust for the use of his creditors, ...
It is doubtful, however, whether one can close the business by a general assignment of the partnership property for the benefit of creditors. Pierpont and Lord v. Graham. Cir. Court, April 1820, MS. Whart. Dig. 453, 1st ed.; 4 Wash. C. C. R.
 See also: Property, Assignment, Attorn, Assign, Attorney
  
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