deed of inspectorship

deed of inspectorship: deed of inspectorship UK US noun [C] (plural deeds of inspectorship)

► LAW a legal agreement in which a business and its creditors (= people it owes money to) choose another person or company to manage the business, so that the money owed can be paid back. This is a type of deed of arrangement: »A deed of inspectorship was entered into, for the purpose of carrying on or winding up the business.

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inspectorship, deed of — In old English law, an instrument entered into between an insolvent debtor and his creditors, appointing one or more persons to inspect and oversee the winding up of such insolvent s affairs on behalf of the creditors … Black's law dictionary
inspectorship, deed of — In old English law, an instrument entered into between an insolvent debtor and his creditors, appointing one or more persons to inspect and oversee the winding up of such insolvent s affairs on behalf of the creditors … Black's law dictionary

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