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: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 ...
A deed of trust is very similar to amortgagein that it pledges property to secure a loan. A mortgage, however, is simpler; the property owner executes a mortgage document in favor of the lender, and the lender records the mortgage and has alien, but the property owner still holds title ...
The meaning of ASSIGNMENT is the act of assigning something. How to use assignment in a sentence. Synonym Discussion of Assignment.
the Guarantor, or an Affiliate or Subsidiary thereof, an Assignment and Assumption Agreement, substantially in the form of Exhibit I hereto, between such transferor entity and the Trust Subsidiary pursuant to which the Trust Subsidiary has acquired and shall acquire REO Property and Trust Mortgage Lo...
The transfer also gives the new owner the rights to the property that the prior owner held prior to the transfer occurring In the Purman Estate case, the court stated that a legal assignment is a transfer of property, or of some right or interest, from one person to another. It also sta...
Deed of Trust A deed of trust is a document pledging real property as collateral when securing a loan. The owner of the property deeds it to a beneficiary, which is typically the moneylender. When the loan is repaid in full, the title of the property returns to the owner. ...
MORTGAGE, DEED OF TRUST, ASSIGNMENT OF AS-EXTRACTED COLLATERAL, SECURITY AGREEMENT, FIXTURE FILING AND FINANCING STATEMENT FROM SUNDANCE ENERGY, INC. TO filed by Sundance Energy Australia LTD on May...
Assignment of contract is often used in property and contract law and can refer to the transfer of rights, benefits, or property. The benefiting party of the existing contract is called the assignor and the recipient is called the assignee. In an assignment of rights, the party that receives...
c. the right, interest, or property transferred 5. (Law) law (formerly) the transfer, esp by an insolvent debtor, of property in trust for the benefit of his creditors 6. (Logic) logic a function that associates specific values with each variable in a formal expression 7. history Austral...