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词汇 deed-of-inspectorship
释义 deed of inspectorship
noun[ C ]
ukuspluraldeeds 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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