This refers to the transfer of property rights from one person to another person, the assignor transferring the property to the assignee. Law Dictionary - Alternative Legal Definition In contracts. 1. The act by which one person transfers to another, or causes to vest in that other, the whole of the right, interest, or property which he has in any realty or personalty, in … [Read more...]
ASSET
An item of value that is owned and may be used to generate income. May also refer to something owned or in one's control that is beneficial. … [Read more...]
ASSIGNMENT FOR BENEFIT OF CREDITORS
When an insolvent debtor assigns assets for the purpose of paying off creditors. … [Read more...]
ASSET PROTECTION
The safeguarding of assets from theft or being significantly devalued. … [Read more...]
ASSIGNMENT OF ACCOUNTS RECEIVABLE
When accounts receivables are assigned to a third party for payment. Usually used as collateral for a loan. … [Read more...]