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Home > Terms > English, UK (UE) > Assignment
Assignment
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
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- Part of Speech: noun
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- Industry/Domain: Accounting
- Category: Tax
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