The transfer of one's benefits or policy/certificate rights to another party. For example: to use life insurance policy benefits as collateral for a loan. This can also apply to transferring ownership as well.
The transfer of one's benefits to another party. The action is called an assignment.
Transfer formally to another. Example: Property.
me nt: The transfer of a right or interest in property from one person to another.
To transfer or exchange future rights. In leasing, the right to receive future lease payments in a lease is often transferred to a funding source, in return for up-front cash. The up-front cash represents the loan proceeds from the funding source, and is equal to the present value of the future lease payments discounted at the leasing company's cost of borrowing. A lease assigned by the lessor to a funding source is called an assigned lease. The assignment of leases is a very common funding technique used by leasing companies.
the tenant allows another person to take over their responsibilities under the tenancy
To transfer the tenant responsible for a rental unit, which will occur when one tenant leaves before a lease expires and the lease is assumed by the incoming tenant. Also see sublet.
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.)
To transfer property, or an interest in property.
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.
To transfer interest in a property, contract, right etc..
Transfer of an interest (for example, in land).
To give or sell a right or an interest. The person who receives the right or interest is the “assignee†and the person making the transfer is the “assignor.
The act of transferring or assigning one’s rights under a contract or agreement to another.
To sign a document transferring ownership from one party to another. Registered bonds can be assigned by completing a form printed on the back of the certificate. For safety reasons, the completion of an "assignment separate from certificate" or "bond power" is preferred.
To send, designate, give, or transfer, as to assign property in a will
A very common funding technique where a leasing company exchanges, or assigns, its rights to the future lease payments in a lease to a funding source, in return for upfront cash. This cash represents the amount of the loan, and is equal to the present value of the future lease payments. A lease that has been assigned to a funding source is called an assigned lease. Synonymous with Discount/Discounting/Discounted Lease.
transfer the unexpired portion of the lease
To transfer a right over, interest in or title to property to someone else.
To transfer all of an interest in personal property.
(1) Transfer of an interest, usually used in connection with the transfer of an interest in an agreement. (2) To transfer or exchange future rights. In leasing, the right to receive future lease payments is usually transferred to a funding source, in return for up-front cash. The up-front cash represents the loan proceeds from the funding source, and is equal to the present value of the future lease payments discounted at the leasing company's cost of borrowing.