deed of inspectorship
noun[C]
ukuspluraldeeds of inspectorshipLAW
alegalagreementin which abusinessanditscreditors(=peopleitowesmoneyto)chooseanotherpersonorcompanytomanagethebusiness, so that themoneyowedcan bepaidback. This is atypeofdeedofarrangement:
Adeedof inspectorship wasenteredinto, for thepurposeofcarryingon orwindingup thebusiness.