Assignment
The legal transfer of a right, contract benefit or debt from one party to another, subject to the terms and law applying to it.
Related terms
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Assignment of debt
The transfer of a creditor’s rights in a debt to another party, which may then become entitled to collect or enforce it.
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Assignor
The person or organisation transferring a right or interest to another party under an assignment.
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Assignee
The person or organisation that receives rights under an assignment, such as the right to collect a transferred debt.
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