cessio bonorum


cessio bo·​no·​rum
Roman & civil law
: a voluntary assignment of a debtor's property to creditors by which the debtor escapes the more painful penalties of insolvency (such as liability to arrest and imprisonment) but is not generally discharged from liability for the debts : voluntary bankruptcy

Word History


Latin, literally, cession of goods

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Dictionary Entries Near cessio bonorum

Cite this Entry

“Cessio bonorum.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cessio%20bonorum. Accessed 31 May. 2023.

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