VOLUNTARY ASSIGNMENT

An assignment for the benefit of his creditors made by a debtor voluntarily ; as distinguished from a compulsory assignment which takes place by operation of law in proceedings in. bankruptcy or insolvency. Presumably it means an assignment of a debtor’s property in trust to pay his debts generally, in distinction from a transfer of property to a particular creditor in payment of his demand, or to a conveyance by way of collateral security or mortgage. Dias v. Bouchaud, 10 Paige. (N. Y.) 445.

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VOLUNTARY ASSOCIATION

the name given to a group of people who get together voluntarily to form an organisation to carry out public good.

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VOLUNTARY BANKRUPTCY

When a company files for bankruptcy. The company may be overseen by a trustee. Refer to involuntary bankruptcy.

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VOLUNTARY BARGAINING ISSUE

Matter mandated by law and discussed in collective bargaining processes. Also known as Voluntary bargaining subject, permissive bargaining issue.

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VOLUNTARY CONVEYANCE

A conveyance without valuable consideration; such as a deed or settlement in favor of a wife or children. See Gentry v. Field. 143 Mo. 399. 45 S. V. 2S6; Trumbull v. ITewitt, 62 Conn. 451. 26 Atl. 350; Martin v. White, 115 Ga. 800, 42 S. E. 279. As to fraudulent conveyances, see FRAUDULENT

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VOLUNTARY EXCHANGE

Free exchange of services and goods between sellers and buyers in a market place.

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