assignable definition

assignable

Banking: Letter of credit (L/C) whose beneficiary can assign its proceeds to a third party. Normally the assignability of a L/C is not dependent on the advising or issuing bank's approval.

Law: Power or property that can be transferred by one entity to another with its associated obligations and rights.

assignable is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Internet & World Wide Web subjects.

assignable appears in the definitions of the following terms: negotiability, direct material, touch labor, direct labor and license

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