ASSIGNMENT WITH PREFERENCES
\ɐsˈa͡ɪnmənt wɪð pɹˈɛfɹənsɪz], \ɐsˈaɪnmənt wɪð pɹˈɛfɹənsɪz], \ɐ_s_ˈaɪ_n_m_ə_n_t w_ɪ_ð p_ɹ_ˈɛ_f_ɹ_ə_n_s_ɪ_z]\
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An assignment for the benefit of creditors, with directions to the assignee to prefer a specified creditor or class of creditors, by paying their claims in full before the others receive any dividend, or in some other manner. More usually termed a "preferential assignment."
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the assignment that directs the creditors to be paid first in full before claims of other creditors are paid.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.