deed of assignment

deed of assignment ˌdeed of asˈsignment noun deeds of assignment PLURALFORM [countable] LAW FINANCE
a deed showing an agreement to give an asset to someone else:

• The individual assigns his right to the property by a deed of assignment.

* * *

deed of assignment UK US noun [C] (plural deeds of assignment) (also letter of assignment)
LAW a legal agreement to give an asset or to sell a debt to someone else: »

This deed of assignment enables ownership of a life-insurance policy to be transferred from the current owner to another person or organization.

»

If the debt has been sold by the original creditor, there should be a deed of assignment stating who is now the legal owner of the debt.


Financial and business terms. 2012.

Look at other dictionaries:

  • deed of assignment — See assignment …   Big dictionary of business and management

  • deed of assignment — transfer of rights or ownership …   English contemporary dictionary

  • deed of assignment — /ˌdi:d əv ə saɪnmənt/ noun a document which legally transfers a property from a debtor to a creditor …   Dictionary of banking and finance

  • deed of assignment — (U.K.) Fin a legal document detailing the transfer of real estate from a debtor to a creditor …   The ultimate business dictionary

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary

  • assignment — Options are exercised through the option purchaser s broker, who notifies the clearinghouse of the option s exercise. The clearinghouse then notifies the option seller that the buyer has exercised. When futures options are exercised, the buyer of …   Financial and business terms

  • Assignment — The receipt of an exercise notice by an options writer that requires the writer to sell ( in the case of a call) or purchase ( in the case of a put) the underlying security at the specified strike price. The New York Times Financial Glossary * *… …   Financial and business terms

  • Deed — For the British cargo ship, see SS Deed. Property law …   Wikipedia

  • assignment of lease — The transfer of a lease by the tenant (assignor) to some other person (assignee). Leases are freely transferable at common law although it is common practice to restrict assignment by conditions ( covenants) in the lease. An assignment that takes …   Accounting dictionary

  • assignment of lease — The transfer of a lease by the tenant (assignor) to some other person (assignee). Leases are freely transferable at common law although it is common practice to restrict assignment by conditions (covenants) in the lease. An assignment that takes… …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.