The act of transferring rights or power.
The transfer of a policy from one person, company or organization to another with the consent of the Insurer.
The act whereby one transfers to another his or her interest in a right or property, or a transfer of rights in an interest.
(Transfert de police) The transfer of rights or interest from one party to another. Insurance policies are personal contracts and are not transferable except by special consent of the insurance company.
Transfer of ownership of a mortgage - usually when the loan is sold to another company.
The transfer of a right (e.g. to claim on a policy) from one person to another
Is the transfer of the rights, titles and interest of the policy by the assignor to the assignee. The assignor is the absolute owner of the policy. He/She could be the proposer, the life assured or the absolute assignee. Nomination is automatically cancelled by Assignment .
Transfer of any contractual agreement between two parties. One of the parties, the assignor, transfers its rights or obligations to another party, the assignee. If interests in assets of the assignor are assigned, the assignment transfers all or some of the rights of ownership to the assignee. If interests in obligations of the assignor are assigned, the assignor is totally or partially absolved from further performance. Lenders sometimes see leased property assigned from the original lessor to another party who then pledges them to the bank as collateral for a loan. For personal property collateral, a secured party may enter an assignment of its security interest into the public record by using a standard form called UCC-3.
The transfer of legal title vested in the debt, from the client to Enterprise Finance Europe.
The method or manner by which a right, or contract is transferred from one person to another.
A transfer to another of any property or right. The transfer of one's entire interest in property. Generally, the term is limited to intangible personal property (that is, stocks, bonds, promissory notes) and to leasehold estates. Back to the Top
Assignment is when a loan is transferred from lender to lender or from dealership to lender.
This is the formal transfer of rights to something. For instance, a bank's customer may assign, to the bank, the right to receive the benefits from a life insurance policy to give the bank security for a loan.
To transfer rights of a policy to a third party
The transfer of the rights, title or interest of a... more
The legal transfer of an owner's interest in an insurance or annuity certificate to another person or entity.
grant of property, rights or privilege to another person.
Transfer of ownership rights in a patent or patent application from one person or company to another.
A way to transfer property rights from one person or entity to another.
the transfer to another person of the interest, claims, or rights to a property.The person who is transferring property is referred to as the assignor and the person receiving the rights, claims, or interest is the assignee.
(1) A written contract for transfer of one's title, right or property to another; (2) In some states, a form used to transfer a claim to a collection agency for the benefit of the assigning creditor.
The transfer to another of real or personal property in possession, or of any right or interest therein.
Transferring ownership, rights or interests in a property from one party to another.
A transfer to another of any property, real or personal, or of any rights or estates in said property. Common assignments are of leases, mortgages, deeds of trust, but the general term encompasses all transfers of title.
A legal grant of a right, privilege, benefit, or property, usually conveyed by written document. An assignment often transfers property from a debtor to be sold to benefit creditors.
Transfer of title of an asset from one owner to another, such as from a person to a trust.
The method by which one's property rights or contract rights are transferred to another.
A transfer between parties of title to any property, real or personal, or of any rights or estates in the property. Common assignments include leases, mortgages and deeds of trust.
The transfer of an asset, or mortgage from one owner to another. ( )
Assignment means legal transference. A method by which the policy holder can person on his interest to another person. An assignment can be made by an endorsement on the policy document or as a seperate deed. Assignment can be of two types Conditional absolute
An instrument whereby one party sells or transfers an interest or property to another.
To shift the responsibilities of a mortgage debt from one borrower to another.
Process of transferring contract rights to another; e.g., assignment of a mortgage or lease.
A transfer of a right and/or interest in land. Often used for transferring the rights of a lender, buyer or tenant. The person who assigns rights is the Assignor, the person who acquires those rights is the Assignee.
The transfer of design rights from the owner to another party. Canadian filing date The date your completed application is officially received at the Industrial Design Office.
The written transfer of an asset, such as a deed or property, from one party to another. Balloon Payment - The final lump sum payment that is due on the principal of a generally shorter mortgage.
the transfer of property to be held in trust or to be used for the benefit of creditors; the Bill of Sale document assigning title of the receivables to Purchaser.
righttobuymortgages wrote 3 months ago: Document transferring rights of ownership from one person to another, such as an endowment policy to the building society in … more » Tags: Mortgage Glossary
The rights of a contract or bond given to one person from another.
In the context of mortgages, this means the assignment to the lender of life policies taken out to repay the capital at the end of the mortgage term, or on prior death of the borrower. A deed of assignment is required. This gives the lender the legal right to cash in the policy in the event of default by the borrower. It also requires the life company to inform the lender of lapsed payments or the policy being ‘paid up'. Many lenders no longer require the assignment of life policies, though some take a deposit of the policy document instead.
The document used to transfer ownership.
A provision that allows the transfer of rights or benefits under a policy/certificate from one person to another, usually by means of a written document.
Transfer of ownership or an asset to another person or party.
Transferring a mortgage from one person or company to another is an assignment.
Assignments are actions taken that affect ownership of the policy. A life insurance policy is regarded under the law as a form of personal property. Its owner can retain the policy, transfer it to someone else, mortgage or charge it or use it as the basis of a trust. A legal assignment must be followed by a notice to the insurance company. Once notice is given, the person to whom the policy has been assigned to has precedence over all other interests except under certain cases. Policies are often assigned to a bank to provide security for a loan.
Transfer of trade-mark rights from the owner to another party.
A disposition or transfer of a charge.
the transfer of the lease and equipment to a third-party.
Sale of a lease agreement to an assignee, a third party that assumes all or most of the responsibilities of the assignor (lessor).
the transfer of a mortgage from one institution to another
1. The transfer by one person to another of a right that usually arises out of a contract; 2. A transfer of the "contract" or of "all my rights under the contract" or an assignment in similar general terms, is an assignments of rights. It is a delegation of performance of the duties of the assignor, and its acceptance by the assignee constitutes a promise by him to perform those duties.
A recordable document transferring the interest in a specific piece of property from one party to another.
The transfer of rights to pay an obligation from one party to another, with the original party remaining liable for the debt, should the first party default.
The method by which a right or contract is transferred from one person (the assignor) to another (the assignee).
A transfer of property or rights in property to another.
An Assignment of a life policy will usually be required for loans to sole practitioners or a husband and wife partnership. Once assigned any proceeds that become payable from the policy will be applied in reduction or repayment of the loan as opposed to being paid to the policy owner. In order to assign the life policy to GPFC the policy owner will need to sign a deed of Assignment and forward GPFC the original life policy document. GPFC will then advise the Insurance Company of the Assignment. In the event of the loan being repaid early or by some other means, the life policy will be reassigned to the policy owner and the life policy document returned to them.
This is a document transferring the ownership of a property from one person to another.
The transfer of interests in a life insurance policy to a person or an institution.
A transfer of the rights and benefits of an insurance policy from one person to another.
Legal document transferring an interest in a property from one party to another. The receiving party is the 'assignee'; the transferring party is the 'assignor'.
Lease Agreements typically contain a provision permitting the Lessor, or other type of Lender, to transfer the Lease to another party by "Assignment". Terms and conditions for assignment vary regarding options and other provisions such as the right, title and interest in the equipment financed. Generally, Lessors employ their own documents and utilize assignment provisions to sell transactions to funding sources.
The transfer of a contract right or obligation by a contractor to another party. A payment assignment is the assignment of a right to payment under a contract to a party designated by the contractor who has a right to that payment. A performance assignment is the assignment by a prime contractor to a third party of the obligation to perform a prime contract in accordance with its terms and conditions. Assignments must be made through a contract modification and specifically accepted and approved by the contracting officer in order to be effective. An assignment, unless it specifically provides otherwise, does not relieve the prime contractor of its obligations to the County.
Transferring a property title from one party to another.
Passing on the rights of an author/creator, usually for money, always in writing. Moral rights are not assignable under some European legislation, but, in the UK your morals can be transactable.
deed This document transfers a mortgage from one corporation or person to another. The current lender will use an assignment deed to transfer their rights to collect payments to a new lender. The borrower normally would not sign this document therefore, it would not be notarized at the time the borrower signs their loan documents.
A transfer to another of any property in possession or in action, or of any estate or right therein. A transfer by a person of that person's rights under a contract.
A transfer of your rights to another party. For example, in the case of an insurance policy it's the partial or total transfer of the policyowner's rights to another party. If you're selling a piece of equipment, you may be able to assign the warranty to the buyer. Some contracts expressly prohibit assignment.
The transfer of ownership of an item from one person to another. The 'item' may be tangible or intangible - for instance the benefit of a contract can be assigned from one of the contracting parties t (More)
A provision within a lease agreement that allows either, neither or both parties of a lease transaction to deliver their obligation to a third party in return for immediate compensation.
Transfer of rights in a policy to other than the policy owner.
Certain items, such as leases and endowment policies cannot legally be sold, only assigned or reassigned. It amounts to the same thing: ownership is transferred in return for payment.
An agreement in which the original tenant transfers lease rights and obligations to another person, the "assignee". This is similar to subletting, except that with a lease assignment, the assignee assumes all responsibility to the landlord for carrying out the terms of the original lease, and the original tenant is released from those obligations.
The act of transferring an interest, such as a loan secured by a mortgage, from one person to another.
The transfer of a claim, benefit or right in property belonging to one person (the assignor) to another person (the assignee). Real estate instruments in which assignments occur include sales contracts, mortgages, options, and leases. Rights under contracts are valuable property rights which can ordinarily be assigned to third persons. The legal effect of an assignment is to substitute the assignee for the assignor in the contractual relationship with the other original contracting party.
Transfer of a contract from one party to another.
The transfer of a mortgage from one individual to another. This isn't always allowed.
Grant of property or a legal right, benefit, or privilege to another person. Authenticate Prove a document is not a forgery.
A written agreement that transfers ownership of, or an interest in, (intellectual) property to another person or organization.
The transfer of the rights and obligations under a contract from one person or entity to another.
A transfer by one person (the assignor) to another (the assignee) of title to personal property.
The transfer by one person to another of any interest in property, real or personal. Also, the document by which one person transfers such an interest to another.
The legal transfer of one person's interest in an insurance policy to another person.
an agreement between the original tenant and a new tenant by which the new tenant takes over the lease of a rental unit and becomes responsible to the landlord for everything that the original tenant was responsible for. The original tenant is still responsible to the landlord if the new tenant doesn't live up to the lease obligations. (See novation; compare to sublease.)
The transfer of a right or contract from one person to another. Mortgages and other security instruments are regularly assigned from one investor to another and commitments by HUD/FHA to insure mortgages may be assigned by one origination lender to another before insurance.
A transfer or making over to another of the whole of any property, real or personal. Often used in transferring interests of a mortgagee or of a lessee.
Assignment or transmission of a trade mark is the process by which ownership of a registered trade mark or a trade mark application may be passed from one party to another.
The transfer to another of one's interest in a right or property. The Director must be notified of any assignment. See PROBATE. ARS 4-209(I), 4-202(B), 4-204(A); R19-1-103
A transfer of the ownership right of an insurance contract. In order to be valid when the claim is paid, any assignment must be filed in writing with the insurance company.
A word used to describe the legal and voluntary transfer of one person's title or rights in property to another person or entity.
Transfer of intellectual property rights from the owner to another party.
Transfer of mortgage ownership from one company or individual to another company or individual.
Transfer of a legal right or interest in a policy from one party to another (as when an insured property is sold).
The transfer of all or part of a policy owner´s legal title and rights to a policy to another person. It is possible to change this type of transfer at a later date.
An assignment is the transfer of an intellectual property right by one person (the assignor) to another (the assignee).
A short document that transfers your interest in assets from your name to another. Often used when transferring assets to a trust.
The transfer of ownership rights of a life insurance policy to another person or business.
The transfer of an asset or legal right from one person to another.
transfer of interest in the warrant or survey. Includes signature of person making assignment, names of witnesses, & date of assignment.
The transfer of a loan from one person to another.
The transfer of an intellectual property right by one person (the assignor) to another (the assignee).(EN:Assignment )
A document that assigns the interest of one party to another. When a grantor wants to place a contract or lease into a trust, an assignment of the grantor's interest is prepared to transfer the interest to the trust. The Assignor is the one conveying the interest and the Assignee is the one receiving the interest.
The sale of a lease agreement and transfer of the ownership rights for the leased vehicle from the lessor to an assignee. Many leases are assigned at the time the lease is signed.
The transfer of property to be held in trust or to be used for the benefit of the creditors (lenders).
The transfer of a property claim, property right, or property interest from one person or entity to another.
The transfer of a mortgage from one person to another.
The release by an AFDC recipient of all rights to support arrearages owed the recipient and of the right to receive current child support as the result of the receipt of AFDC.
An agreement whereby you assign your right to your technology (product or service) to another party, normally in exchange for a one off payment. Once a technology is assigned you will not normally have any further involvement in it unless specified in the assignment agreement.
The transfer of the right, title and interest in the property of one person, the assignor, to another, the assignee. In real estate, there are assignments of mortgages, contracts, agreements of sale, leases, and options, among others.
The rights in a policy may be assigned (transferred) to someone else as collateral for a loan, to effect a change of ownership, or for some other reason, if agreed to by the issuing insurance company. An absolute assignment is a change of ownership. Consult your tax advisor prior to making a transfer or other assignment.
The legal transfer of a policyowner's rights or interests in an insurance policy to another party. The insured requests the assignment, and, barring state law, the company can either accept or reject the request.
A means of transferring ownership, rights, or interests in property by one person, the assignor, to another, the assignee. See also C.E.M.
The transfer of the right, title and interest in the property or lease of one person or entity (assignor), to another (assignee). There are assignments of, among other things, mortgages, sales contracts, deeds, leases and options.
Written instrument that serves to transfer the rights or interests of one person to another.
The process by which a right or contract is transferred from one party to another. Assigned contracts include mortgages, leases and deeds of trust.
The transfer of a contract or a right to buy property at given rates and terms from a mortgagee to another person.
The transfer of ownership of something from one person to another. If you are buying a leasehold flat, for example, ownership is 'assigned' to you through the contract.
the transfer of property from one person (the assignor) to another person (the assignee). Items other than property can be assigned, such as sales contracts, mortgages, leases and options.
Transfer of intellectual property from the owner to another entity.
If a creditor sells the debt to another company, this is assignment and shouldn't be confused with a creditor passing the debt to a collection agency that acts on behalf of the creditor.
A transfer of a right or property and duties in connection with a contract, to another.
() A commercial agreement conveying the leasehold interests, including the financial responsibilities, from one tenant to another. Not synonymous with Sub-lease.
Transfer of the ownership or benefits of a policy.
The transfer over to another the whole of any property, real or personal, in possession or in action, or any right or estate therein.
When ownership of your mortgage is transferred from one company or individual to another, it is called an assignment.
The method of transferring a right or contract, such as the terms of a loan, from one person to another.
Allows the transfer of the ownership rights of an Insurance policy from one person or entity to another.
An agreement in which a patient assigns to another party, usually a physician or hospital, the right to receive payment from a public or private insurance program for the service the patient has received.
The transfer of rights under an insurance policy to another person or business.
The transfer of the rights, title or interest of any debt instrument that is properly owned by another party.
A transfer or making over to another the whole of any property, real or personal, or of any estate or right therein. To assign is to transfer.
Transfer of ownership from one individual or company to another.Lenders often assign mortgages which they make to Fannie Mae or otherentity which specializes in buying mortgages.
A transfer by lessee of lessee's entire estate in the property. Distinguishable from a sublease where the sublessee acquires something less than the lessee's entire interest.
A transfer of real or personal property and all rights to said property to another.
The transfer of some power such as Authority, Responsibility, Accountability, etc. [D02387] RMW
The method or process of transferring a contract (lease) from one person's responsibility to another. Battery Park City - Manhattan neighborhood located in the lower part of the island near Wall Street.
It is called an assignment when ownership of your mortgage is transferred from one company or individual to another.
The transfer, usually of property.
The passing of beneficial rights from one party to another.
This is the legal transfer on one person's claim to an insurance policy to another person or entity, such as to a bank to qualify for a loan.
The transfer of any right, claim or interest to another person or corporation. Often used to refer to the transfer of a mortgage from one lender to another. Also a noun describing the document which represents the assignment of the right etc.
Signing over all rights in a piece of work. Unscrupulous publishers and broadcasters, or those with ignorant lawyers prone to laundry lists, frequently ask for this for the same fee that they recently paid for a licence for single use. To grant this would be like handing over the freehold of a house for the price of a month's rent. See Rights and why they are important.
A transfer in writing of an interest in property or other things of value from one person or entity to another.
A generic term for the data transfers specified by select, fetch, insert, and update Transact-SQL commands. An assignment sets a source value into a target data item.
When ownership of a mortgage is transferred from one individual or company to another.
A document that transfers a loan or debt ( Deed Of Trust and Note) to another, giving them the right to the money collected in payment of the debt.
a transfer to another of all or part of one's property, interests, or rights.
The transfer of certain rights from one party to another.
The transfer of a right or interest by one party to another.
A contract to transfer intellectual property rights from a prior owner (the assignor) to a new owner (the assignee).
A transfer of real or personal property or of a right or interest. Specifically, it is a transfer of a total interest. In purchasing of equipment for example, often times the lessor will take an Assignment of the purchase agreement previously entered into between a vendor and a lessee. In this case, the lessor becomes the assignee and all terms and conditions of that Purchase Agreement are assigned to the lessor/assignee.
A document which transfers a mortgage security in a property from one lender to another.
The practice of assigning one or more legal rights or obligations to somebody else. In copyright law, for instance, original creators may assign their rights to a publisher or record producer.
The transfer of ownership to another party.
The transfer of the ownership rights of a life insurance policy from one person to another. The insured must request the transfer.
A written transfer of rights or benefits to another.
An agreement under which one party—the assignor—transfers some or all of his ownership rights in a particular property to another party—the assignee. See also absolute assignment.
The transfer of a right or interest in property from one person to another.
The transfer of copyright from the original owner to another party.
The transfer of the ownership rights of a Life Insurance policy from one person to another. The term also refers to the document that effects the transfer.
The transfer of one person's interest in a legal right or duty to another person or organisation.
A transfer of all of an interest in Personal Property.
Grant of property or a legal right, benefit, or privilege to another person. In colonial and medieval times the process could be lengthy, involving payment of consideration to the crown, obtaining a receipt from the treasurer, getting an auditor's certificate, getting the land surveyed and recorded. The right to the land could be "assigned" at any time in the process to a third party. It was not unusual to have six or seven assignments before the final recording.
In insurance, a legal transfer of ownership of a policy by the policyowner to another party.
The transfer of rights, duties, responsibilities, and benefits of an agreement, contract, or financial instrument to a third party.
The written transfer or making over to another person of real or personal property, of any estate or right therein, in possession of in action.
Assignment is a transfer of a mortgage from one person to another.
the legal transfer of ownership of rights of a life insurance contract. You can transfer all or part of the contract as collateral for a bank loan or a mortgage. The person assigning the rights is the assignor; the person who takes ownership is the assignee. Return
Document transferring rights of ownership from one person to another, such as an endowment policy to the building society in connection with a mortgage. Can also be the document transferring the lease on a property.
The owner of a policy may assign the right to name the policy's beneficiary to a third party. A collateral assignment names a lender as the policy beneficiary to secure a business loan for the insured. Humana does allow assignment.
The legal transfer of one party's interest in an insurance policy to another party.
The formal transfer of rights to another party. For example, the rights to receive the benefits of a life insurance policy to repay a debt/loan.
A transfer of the lessee's entire stake in the property. It is distinguishable from a sublease where the sublessee acquires something less than the lessee's entire interest.
The transfer of some or all rights of ownership in a policy.
Transfer of a right/ The document making the transfer of a right. The right transferred may be an interest in the subject-matter of insurance, in the contract of insurance, or in policy moneys due to the insured.
It is the transfer of all or part of a contract or property. All contracts are assignable unless they expressly or implicitly negate the right to assign; as in a listing.
A document accompanying a bond that is signed by the person named on the certificate for the purpose of transferring the certificate's title to another person's name.
A means of transferring a contract right or other assets to another person or entity.
The documentary transfer of title to the contents of a container when signed over to an interested party.
A transfer to another of rights, interest, or claim in or to real or personal property. The party who assigns or transfers his interest is the assignor, and the assignee is the one to whom the assignment is made.
when ownership of your mortgage is transfered from one company or indivual to another, it is called an assignment.
The conveying of property ownership, rights or interests to another.
The legal transfer of title. Where a lessee places an order for equipment before the leasing facility is arranged, the lessor may acquire title to the equipment through an assignment of the purchase order from the lessee to the lessor. With an assignment the lessee remains liable to the supplier for the performance of his obligation.
A transfer from one party to another.
The transfer from one party to a contract of a right, claim, or interest under an agreement (the assignor) to a third party (assignee), the other party to the contract against whom the right, claim, or interest can be exercised is the obligor
The transfer of intellectual property rights to a third party.
The transfer of leasehold interest in a property to a second party.
The transfer of ownership, rights, or interests in property by one person, the assignor, to another, the assignee.
The transfer of property rights by one person, known as the assignor, to another, known as the assignee
To award a debt or benefits to another person. For example, a husband who does not pay child support can be forced to assign his wages to the court for his children.
Generally, a transfer of a property, or right therein, to a separate entity. In life insurance, it is the transfer of a policy's ownership rights to a third party. An assignment can usually occur via either an absolute assignment or a collateral assignment.
A term commonly used in connection with contract provisions or the bill of lading. It involves the transfer of rights, title, and interest in order to assign goods by endorsing the bill of lading.
Legal transference; the transfer of an entire interest from one party to another. Insurance policies are personal contracts and are not transferable except to spouse unless special consent of the insurance company is granted.
the transfer of the legal right or interest in a policy to another party, generally in connection with the sale of property.
The handing over of life policies to lenders taken out to repay capital at the end of the mortgage term. A deed of assignment gives the lender the legal right to cash in the policy in the event of default.
A transfer of (or the document transferring) a right and/or interest in land. Used often in transferring interests of a mortgagee or of a lessee. Assignor is the person who transfers the interest; assignee is the person to whom the interest is transferred.
Life insurance is considered property. Therefore insurance policies are legally assignable to another party in part or in full including all rights.
The transfer of a mortgage from one party to another.
Legal transference of a right or a title to a property, to another party.
The document used to transfer the estate, right or interest.
Any transfer of your loan from one lender to another lender.
Written transfer of property or rights from a person or business to another
The process of transferring the benefits under an Agreement.
A transfer of ownership of a patent application or patent from one entity (assignee) to another (assignor). Assignments should be recorded with the USPTO Assignment Services Division to maintain clear title to pending patent applications and patents.
The manner by which a contract is transferred from one individual to another individual. The term is often used to describe the process of assigning one's primary lease to that of a second party until the end of the term.
A document that transfers ownership of something (i.e., mortgages, land contracts, property) from one person or entity to another.
is the transfer of legal rights from one person to another – not the same as an novation, which is the transfer of legal obligations from one person to another
The transfer of your rights or property to another person or business.
when a tenant gets someone else to take his place and to assume the responsibilities under the lease or sublease.
The right to transfer a contract or a lease from one party to another. The term is often used to describe the process of assigning one's primary lease to that of a second party until the end of the term.
A transfer of property rights from one person to another, called the assignee.
The unconditional transfer of all rights contained in a copyright from the owner to another person or entity.
transfer by a copyright holder of all right, title and interest in a work, including copyright.
Where the proprietor of debts or other rights transfers those rights to another person usually with the right to sue for payment/enforcement.
A transfer of rights in intellectual property.
Transfer by the policy owner of legal rights or interest in the policy contract to a third party. Most policies cannot be assigned without the permission of the insurer. (LE)
A transfer of ownership or interest in a payment obligation between two or more parties.
The transfer of one's interest in a right or property to another person or entity.
The transfer of title to property from one person to another.
A transfer of some right, title or interest by one person or entity (assignor) to another (assignee). Assignments of Deed of Trust, leases, options, contracts, and other items are seen in a chain of title.
The legal transfer of the entire or partial ownership of an asset, such as an insurance policy, to another person or entity.
To protect the owner's interests, it should not be possible to assign occupancy, nor should occupants have the right to sublet the property without the owner's approval.
The transfer of all or part of a policy owner's legal rights under the policy to another person or entity (such as a bank).
The transfer of rights to pay a debt from one party to another, with the original party remaining liable for the debt if the second party defaults.
An assignment is a term used with similar meanings in the law of contracts and in the law of real estate. In both instances, it encompasses the transfer of rights held by one party - the assignor - to another party - the assignee. The legal nature of the assignment determines some additional rights and liabilities that accompany the act.