What is the definition of Preferential assignment? | Dictionary.net

PREFERENTIAL ASSIGNMENT

\pɹˌɛfəɹˈɛnʃə͡l ɐsˈa͡ɪnmənt], \pɹˌɛfəɹˈɛnʃə‍l ɐsˈa‍ɪnmənt], \p_ɹ_ˌɛ_f_ə_ɹ_ˈɛ_n_ʃ_əl ɐ_s_ˈaɪ_n_m_ə_n_t]\

Definitions of PREFERENTIAL ASSIGNMENT

1910 - Black's Law Dictionary (2nd edition)

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An assignment of property for the benefit of creditors, made by an insolvent debtor, in which it is directed that a preference (right to be paid first in full) shall be given to a creditor or creditors therein named.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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