assignment of debt

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• ASSIGNMENT (OF DEBT) — History and Development Basically, Jewish law did not recognize the concept whereby personal rights or obligations (whether arising from contract or from a liability for damages in tort) could be legally assigned, either by the creditor or the… …   Encyclopedia of Judaism

• debt on a security — A loan note or debenture that is capable of being realised at a profit and capable of assignment. The debt should not be a short term borrowing and it should carry a return in the form of interest, premium, discount or a right to convert into… …   Law dictionary

• assignment for benefit of creditors — A voluntary transfer of a debtor s property into a trust to be used to pay creditors. The trustee collects any income owed the debtor, liquidates the debtor s property that has been transferred to the trust, and uses the money to pay the debtor s …   Law dictionary

• Assignment (law) — Contract law Part …   Wikipedia

• Debt Assignment — A transfer of debt, and all the rights and obligations associated with it, from a creditor to a third party. Debt assignment may occur with both individual debts and business debts. The company assigning the debt may choose to do so in order to… …   Investment dictionary

• assignment — Options are exercised through the option purchaser s broker, who notifies the clearinghouse of the option s exercise. The clearinghouse then notifies the option seller that the buyer has exercised. When futures options are exercised, the buyer of …   Financial and business terms

• Assignment — The receipt of an exercise notice by an options writer that requires the writer to sell ( in the case of a call) or purchase ( in the case of a put) the underlying security at the specified strike price. The New York Times Financial Glossary * *… …   Financial and business terms

• debt pooling — Arrangement by which debtor adjusts many debts by distributing his assets among several creditors, who may or may not agree to take less than is owed; or, an arrangement by which debtor agrees to pay in regular installments a sum of money to one… …   Black's law dictionary

• debt pooling — Arrangement by which debtor adjusts many debts by distributing his assets among several creditors, who may or may not agree to take less than is owed; or, an arrangement by which debtor agrees to pay in regular installments a sum of money to one… …   Black's law dictionary

• assignment for benefit of creditors —    A method of scheduling debt repayment by which a trustee receives directly a portion of a debtor s income and uses it to pay the debtor s bills. Compare garnishment …   Business law dictionary

• assignment of account — Transfer to assignee giving him a right to have moneys when collected applied to payment of his debt. Nanny v. H. E. Pogue Distillery Co., 56 Cal.App.2d 817, 133 P.2d 686, 688 …   Black's law dictionary