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What does ABC stand for?

ABC stands for Assignment for the Benefit of Creditors (bankruptcy law; various states)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

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Other Resources:
We have 1613 other definitions for ABC in our Acronym Attic

Samples in periodicals archive:

Generally, if a tenant makes an assignment for the benefit of creditors or files for bankruptcy, the landlord has the right to (a) set off amounts held as security against the tenant's lease obligations and (b) reject the demands of the assignee and the trustee in bankruptcy for the return of the security deposit or prepaid rent.