Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does assignment mean?

SEARCHING
assignment
Noun

1. [US] The transfer of the rights and obligations of the assignor/seller under a credit agreement, such that the assignee/buyer comes into privity of contract with the borrower.
2. [UK] The transfer from a lender to another party of the rights to interest and principal – not any obligations – for amounts already drawn down and owing to the lender.

top
© 2015-2020 Pecunica LLC.  All rights reserved.