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ASSIGNMENT

Volume 3 · 121 words · 1860 Edition

ASSIGNATION, ASSIGNEE, are terms which, as conjugates of the verb assign, are of frequent technical use in the law of the different parts of the United Kingdom. To assign is to make over, and the term is generally used to express a transference by writing, in contradistinction to a transference by actual delivery. In England the usual expression is assignment, in Scotland it is assignation. The person making over is called assignor, assigner, or cedent; the recipient, assignee. This last term is of important application in the law of bankruptcy in England and Ireland, as expressing persons of two classes, the official assignees and the trade assignees, to whom the realization and distribution of the bankrupt estate is committed. See Bankruptcy.