deed of inspectorshipUKUSnoun [C] (pluraldeeds of inspectorship)
► LAWa legal agreement in which a business and its creditors (= people it owes money to) choose another person or company to manage the business, so that the money owed can be paid back. This is a type of deed of arrangement: »
A deed of inspectorship was entered into, for the purpose of carrying on or winding up the business.