inspectorship, deed of

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. . 1990.

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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

  • 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… …   Financial and business terms

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