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.


Financial and business terms. 2012.

Look at other dictionaries:

  • 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