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Từ vựng:

cession of goods

Giải nghĩa:

/sɛˈʃən ʌv ɡʊdz/ – Phrase


Definition: chuyển nhượng tài sản (vì con nợ không có khả năng trả nợ).

A more thorough explanation: Cession of goods refers to the transfer of ownership or rights to goods from one party to another, typically as part of a legal agreement or transaction. This transfer may involve the sale, assignment, or relinquishment of goods by one party to another, with the receiving party assuming control and responsibility for the goods.

Example: The cession of goods occurred when the company transferred ownership of the inventory to the creditor as part of the debt repayment agreement.

 

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