deed of assignment definition

deed of assignment

Agreement under which some or all assets of an insolvent debtor are assigned to a trustee, for selling them and distributing the sale proceeds equitably among the creditors.

Assignment of a part of the proceeds of a letter of credit by its beneficiary (usually an exporter or seller) to the manufacturer or producer (of the goods being exported or sold) as a guaranty of payment for those goods. Also called letter of assignment.

deed of assignment is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.

deed of assignment appears in the definitions of the following terms: assignment of proceeds, assignment, deed of arrangement and letter of assignment

This content can be found on the following page:

http://www.businessdictionary.com/definition/deed-of-assignment.html