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assignment

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Transfer of ownership of a property, or of benefits, interests, liabilities, rights under a contract (such as an insurance policy), by one party (the assignor) to another (the assignee) by signing a document called deed of assignment. Compare with novation. See also absolute assignment and collateral assignment.
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Popular 'Agreements & Contracts' Terms

  • bond

  • scope of work

  • contract

  • performance

  • agreement

  • implied contract

  • management information system (MIS)


Mentioned in These Terms

  • assignment clause

  • assignment of benefits

  • assignment method

  • assignment of mortgage

  • cost assignment

  • assignment under documentary credit

  • assignment of receivables


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