Accession, DEED OF

Accession, DEED OF. In the practice of Scottish conveyancing, this is a deed by which the creditors of a bankrupt or insolvent debtor approve of a trust-settlement executed by the debtor for the general behoof, and consent to the arrangement proposed. A creditor may by his actings bind himself to approve of such a trust-deed, but only if equality be preserved and all creditors consent. A non-acceding creditor may at any time upset the trust-deed by applying for sequestration. See BANKRUPTCY.