debt assignment
Definition
A legal transfer of a debt account from a creditor (assignor) to a third-party (assignee) that then becomes the rightful owner of the account for purposes of resolving the debt through collection from a debtor. In debt collections, the assignor typically shares in the receipt of any debt repayment made to the assignee by the debtor.
Related Articles
- Roth IRAs: Contributions, Withdrawals, Distributions etc. *
- Tips on Retirement Planning *
- Introduction to Stock Indexes, DJIA and the NASDAQ *
- The FTC and the Economy *
- Diversifying Your Portfolio *
- Types of Stock Mutual Funds *
- Analysts and Earnings Estimates *
- Introduction to IRAs and Distribution Options *
Related Videos
http://www.businessdictionary.com/definition/debt-assignment.html
