Akademik

as·sign·ment n

1: the act of assigning

2 a: a position, post, or office to which one is assigned

b: a task assigned

3: a present transfer of property or rights

absolute assignment: an assignment in which the transfer is complete and leaves the assignor with no interest in the property or right transferred

assignment for the benefit of creditors: assignment of property by a debtor to an assignee to be held in trust and used to pay off the debtor's debts

assignment of income: an assignment by one taxpayer to another of income for the purpose of avoiding taxes

assignment of lease: an assignment by a tenant of all of his or her remaining rights in a property under a lease compare sublease

effective assignment: an assignment by which the assignor's interest in the property or right being assigned is terminated and transferred to the assignee

equitable assignment: an assignment (as of property in which one has a future interest) that is not valid at law but that would be upheld in a court of equity

general assignment: an assignment for the benefit of creditors of all of a debtor's property to be distributed fairly to the creditors compare preference

wage assignment: an assignment by an employee by which an amount of his or her wages are transferred to another party (as a creditor) before the wages are paid to the employee compare garnishment